President Donald Trump will sign an executive order Monday delaying his “Liberation Day” tariffs until Aug. 1.
“The reciprocal tariff rate, or these new rates that will be provided in this correspondence to these foreign leaders, will be going out the door within the next month,” White House press secretary Karoline Leavitt said Monday. “Or deals will be made.”
This is the second deadline extension since the tariffs were announced on April 2. The first was to July 9, when the administration touted a goal of reaching 90 deals in 90 days. Only a small handful of deals have emerged in that time frame, including with the United Kingdom, China, and Vietnam.
But Trump has been busy in the meantime. Leavitt held letters he’d sent to the leaders of Japan and South Korea that said they will soon face 25% tariffs, though that figure will not emerge if they reach a deal with the United States ahead of the deadline.
Click this link for the original source of this article.
Author: Dillon B
This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
