News Analysis
After U.S. President Donald Trump signed his megabill into law last week, focus has shifted to international trade as this week marks the deadline for countries to reach deals to avoid tariffs.
“There are going to be tariffs,” Trump said on July 7. “I think we’ll have most countries done by July 9th, either a letter or a deal.”
Trump had announced the imposition of “reciprocal” tariffs against U.S. trade partners in April, on a date he dubbed “Liberation Day.” The tariff disruption was followed by a global crash in markets, and soon after the Trump administration said the tariffs would come into force after a 90-day pause to allow time for negotiations….