- President Donald Trump said that he will not extend the deadline for his “reciprocal” tariffs on dozens of countries to restart.
Donald Trump stated that he will not postpone the commencement of his “reciprocal” tariffs on dozens of nations past Friday.
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The August 1st deadline is the August 1st deadline; it is a firm deadline that will not be extended. “AMERICA’S BIG DAY!!!” On Wednesday morning, Trump posted on Truth Socialon.
Previously, Trump stated that he would not extend the deadline for such tariffs, but he later did precisely that.
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Trump declared in early April that the United States would apply a 10% blanket tariff rate almost everywhere and higher customized tariffs of up to 50% for dozens of nations.
Trump put a 90-day hold on the higher tariff rates, which were scheduled to resume on July 9, following days of anxiety and bewilderment among investors and foreign leaders.
Two days prior to the deadline, Trump signed an executive order postponing it until August 1. He had previously stated that he had no intention of extending that deadline.
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