The pause on Trump's reciprocal tariffs is set to end on July 9, potentially reinstating tariffs if no trade deals are reached. Since April, a basic 10% tariff has been in place, with a 30% levy on Chinese goods. Trump indicated higher tariffs ranging from 60% to 70% could start August 1. The July 9 deadline may be extended to August 1 to facilitate negotiations. Letters regarding the tariffs will be sent out, impacting various import duties and investor decisions accordingly.
The end of a 90-day pause on Trump's reciprocal tariffs looms on July 9, affecting investor strategies amidst tariff negotiations with various countries.
If countries fail to agree a trade deal with Washington before the deadline, reciprocal tariffs will be reinstated, impacting tariffs on imports.
Trump plans to send out letters detailing higher tariffs starting August 1st, with rates potentially ranging from 60% to 70%, or 10% to 20%.
First, it appears the July 9 deadline is effectively extended to August 1, allowing more time for negotiations and tariff implications.
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