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Are Tariffs Hiking Prices Yet? What I've Seen Watching 11 Key Products for Changes

  • The Trump administration set a July 9 deadline to impose wider tariffs on countries lacking trade deals, including key partners like the EU, Japan, and India.
  • This deadline follows a 90-day pause meant to allow countries time to negotiate exemptions and narrower agreements amid ongoing trade disputes and investigations.
  • Negotiations include complex issues such as agricultural market access, auto and steel tariffs, and national security-related measures under the 1962 Trade Expansion Act.
  • Treasury Secretary Scott Bessent cautioned that if some partners remain uncooperative, the US could revert tariffs to higher April 2 levels, while Trump said the deadline date is flexible and "We can do whatever we want."
  • The looming tariff threat creates uncertainty for global businesses and policymakers, though limited deals like the US-UK mini agreement show potential for partial progress before the deadline.
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The U.S. trading partners are trying to close an agreement with President Donald Trump's unpredictable administration just a week before the decreed tariff break expires.Trump announced in early April its so-called "reciprocal" tariffs against the rest of the world: a minimum surcharge of 10%, which rises to 50% for countries exporting more to the U.S. than they import in U.S. products. The Republican president suspended his higher tariffs for 9…

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Just in a week, the July 9 deadline set by the Trump administration will be met so that, at the end of a 90-day suspension, the highest tariffs will be restored to the main trading partners of the United States, with whom it has negotiations.This group does not include Mexico or Canada, to which the US president imposed tariffs for the trafficking of fentanyl and migration problems, but the talks with both are held with those responsible for the…

·Mexico
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Indian Express broke the news in India on Monday, June 30, 2025.
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