Trump Signals No Extension for July 9 Global Tariff Deadline

Washington: U.S. President Donald Trump has announced that he does not intend to extend the 90-day pause on tariffs imposed on most countries, set to expire on July 9. The deadline marks the end of a negotiation period established by the Trump administration, after which nations without trade agreements with the U.S. will face trade penalties.

During a White House press conference on Friday, Trump acknowledged the challenges of securing individual trade deals with each nation, downplaying the significance of the looming deadline. Despite this, he emphasized that his administration plans to notify countries of the impending tariffs, which could range from 10% to 50%, unless trade agreements are reached. “We’re going to allow you to trade in the United States of America, but you’re going to pay a tariff,” Trump stated.

The administration had initially set an ambitious goal of finalizing 90 trade deals within the 90-day period, a target that now appears unlikely to be met. Earlier this year, Trump introduced reciprocal tariffs on over 100 countries, including major trading partners like India and China, prompting global market concerns. The 90-day pause, announced on April 9, was intended to provide time for negotiations to avoid tariffs exceeding 10%.

In a separate development, Trump signed an executive order earlier this month to extend the operation of TikTok in the U.S. for an additional 90 days, aiming to facilitate a deal to bring the social media platform under American ownership.