US Edition
Trade talks probably won’t be done by Trump’s July 9 deadline, Treasury Secretary Bessent says
- Treasury Secretary Scott Bessent said the 90-day pause on reciprocal tariffs will end in early July, with trade deals likely not done by the July 9 deadline.
- The pause was established after steep tariffs announced April 2, but officials acknowledge some flexibility on the deadline as complex negotiations continue with 18 key partners including Japan and the EU.
- Japanese and U.S. officials recently held talks to address tariffs, notably Japan faces a total tariff rate of 24 percent after a 25-percentage-point vehicle tariff increase in April, which Japan deems unacceptable.
- Bessent stated the U.S. could wrap up trade agreements by Labor Day if about 10 to 12 deals with top partners and 20 additional relationships are finalized; meanwhile, the White House says the July 9 deadline is not critical.
- This situation suggests trade negotiations may extend past early July, possibly until Labor Day, while tariff policies remain in place, impacting industries and diplomatic relations especially with Canada and Japan.
25 Articles
25 Articles
Korea faces crucial week for tariff negotiations with US
This week will be a crucial time for Korea’s negotiations with the United States over what the latter calls “reciprocal” tariffs, as Washington’s reprieve on the tariff imposition is set to expire on July 8. While the Donald Trump administration is signaling that countries actively accommodating U.S. demands may be granted more time to negotiate, it will be difficult for Seoul to reach a trade agreement by the deadline, given that the Lee Jae My…
In less than two weeks, on July 9, the deadline set by US President Donald Trump for concluding trade agreements with the US, otherwise they will face high tariffs, will expire. Europe does not yet have such an agreement. According to European Commission President Ursula von der Leyen, the Union is ready for an agreement, but all options remain on the table.
Investors hold their breath. On July 9, the truce granted by Donald Trump to their trading partners expires, while progress in the negotiations remains limited. Overcome the initial upheaval caused by the protectionist order of early April, the Stock Exchanges managed to recover quickly. The cocktail of geopolitical risks, trade tensions, economic uncertainty and doubts about the sustainability of US debt has not diminished attractiveness to equ…
Japan, U.S. agree to continue tariff talks as July deadline looms
Japanese and U.S. tariff negotiators agreed Friday to continue talks in pursuit of a deal that will be beneficial to both countries, but significant differences apparently remain in areas such as Washington's treatment of its key Asian ally's automotive industry. Japan's government said its top tariff negotiator, Ryosei Akazawa, and…
Treasury Secretary Scott Bessent confirmed that the White House could allow more time to reach agreements, while Donald Trump threatened reciprocal tariffs as early as next week.
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