One foreign leader called it blackmail, another is rushing to Washington D.C. to meet with U.S. officials before President Donald Trump’s 90-day pause on tariffs for nearly all U.S. trading partners ends July 9.
In the scramble ahead of the deadline, some deals appear closer at hand than others, but just what awaits for foreign nations and U.S. consumers remains unclear as Trump looks to reorder global trade with tariffs.
French President Emmanuel Macron called the use of tariffs by powerful nations a form of “blackmail.” The White House largely shrugged off the comment while the European Union’s top trade negotiator, Maroš Šefčovič, gets ready to head to Washington D.C. Šefčovič represents the 27-nation bloc, a key U.S. trading partner that Trump has repeatedly criticized.
White House press secretary Karoline Leavitt said the U.S. is closing in on a deal with India. Trump had threatened the nation of 1.4 billion people with a 26% tariff.
“We will hear about a trade deal with India very soon,” Leavitt said Monday.
She was also asked to comment on Canada’s decision to drop a controversial digital services tax hours before it was set to go into effect on Monday.
“Prime Minister Carney and Canada caved to President Trump and the United States of America,” she said Monday. “And President Trump knows how to negotiate and he knows that he is governing the best country and best economy in this world.”
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Author: Ray Hilbrich
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