Trump Signals No Extension of 90-Day Tariff Suspension

In Brief:

President Trump confirms there are no plans to extend the 90-day tariff suspension beyond July 9.

Countries and regions will face trade penalties unless agreements are reached before the deadline.

US President Donald Trump announced that he does not intend to extend the 90-day tariff suspension for most countries and regions beyond July 9. Once the deadline for negotiations expires, the government will implement trade punishment measures as scheduled unless agreements are reached. Trump stated he will soon send formal letters to the relevant countries, informing them of the imminent tariffs. In an interview, Trump emphasized that the tariffs, which could range from 25% to 50%, will apply based on the countries' attitudes toward the United States, with some nations facing higher duties. This move is part of ongoing efforts to enforce more stringent trade policies.

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