Trump, Mexico
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President Donald Trump extended his "Liberation Day" tariff pause and sent letters to trading partners announcing new tariff rates for Aug. 1.
President Donald Trump has been sending letters to countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
President Donald Trump started his week with the devastating news of deadly floods in central Texas while also negotiating a peace deal with Israeli Prime Minister Benjamin Netanyahu. CNN’s Kaitlan Collins reports on a week that also saw a reciprocal tariffs deadline move to August and questions over who ordered a Ukraine weapons pause.
A three-peat was not in the cards for President Donald Trump, whose back-to-back A+ weeks were overshadowed by new court losses, more market rattling tariffs, and MAGA outrage over his attorney general’s moves in the Jeffrey Epstein sex case.
US trading partners trying to navigate the final weeks of negotiations before President Donald Trump’s so-called reciprocal tariffs hit are facing a leader who has made clear he’s lost patience with talks.
After President Donald Trump paused his “Liberation Day” tariffs in April, his trade adviser Peter Navarro promised that the administration would deliver “90 deals in 90 days.” But that deadline came and went Wednesday with the White House 88 trade deals short.
The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.
President Trump plans to issue an executive order to extend the pause on his steep, so-called reciprocal tariffs to Aug. 1, White House press secretary Karoline Leavitt said Monday. The pause had been set to expire Wednesday.
Trump delayed the "reciprocal tariffs" in April, vowing to strike roughly 90 trade deals in 90 days. So far, the White House says it has reached trade agreements with only the United Kingdom and Vietnam, as well as a preliminary accord with China.
President Donald Trump said on Wednesday his administration will charge Brazil with a 50% tariff on products sent to the U.S. starting August 1 while the Republican leader also expressed support for former Brazilian President Jair Bolsonaro.