institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

White House: Deadline Around Tariff Pause 'Not Critical'

  • On June 26, 2025, the White House indicated that the upcoming July 8 and 9 dates for reinstating reciprocal tariffs are flexible and may be postponed.
  • This flexibility comes after Treasury Secretary Scott Bessent, who is leading the negotiations, stated there is a strong chance the deadline will be extended for nations actively engaged in sincere trade discussions.
  • The tariffs, imposed in April on imports including cars and parts, remain paused as the administration awaits Congress to pass the 'one big, beautiful bill' containing legislative priorities.
  • European stocks responded positively, with futures for Germany’s DAX up 0.8% and France’s CAC 40 up 0.6%, as investors reacted to the possibility of extending the tariff pause.
  • The potential extension suggests the administration aims to continue negotiation leverage while implementing tariffs if necessary, maintaining pressure on trading partners and supporting ongoing trade agreements.
Insights by Ground AI
Does this summary seem wrong?

Bias Distribution

  • 67% of the sources are Center
67% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Spectrum Local News broke the news in United States on Thursday, June 26, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.