Trump Confirms No Extension on Global Tariff Pause Beyond July 9: What This Means for Businesses and Consumers

Trump on Tariffs and Trade Deals

President Trump recently stated he won’t extend the current 90-day pause on tariffs after July 9. This pause allows countries time to negotiate trade agreements. If no deals are reached, tariffs will kick in.

In a recent interview, Trump shared that letters informing countries about these tariffs would be sent soon. He mentioned that tariffs would vary based on how countries treat the U.S. Some nations may face higher tariffs than others.

Negotiations on trade are ongoing. Trump noted there are over 200 countries, making it tough to finalize deals with each one. His administration aimed to secure 90 trade agreements in just 90 days, but he recognized the challenge this represents.

TikTok Deal Uncertainty

Trump hinted at a potential deal involving TikTok. He mentioned wealthy investors who may buy the popular app, owned by China’s ByteDance. Approval from China will likely be needed for this deal. However, details about these investors remain unclear, with Trump promising more information soon.

Earlier, he signed an executive order extending TikTok’s operational timeline in the U.S. for 90 days to allow negotiations to continue. This marked the third extension since the app faced a national ban.

Iranian Nuclear Tensions

On actions against Iran, Trump claimed U.S. strikes "obliterated" Iran’s nuclear facilities. He expressed concerns that Iran was close to developing a nuclear weapon. However, Iran’s Supreme Leader questioned Trump’s claims, stating their nuclear program is peaceful and asserting their right to enrich uranium. Rafael Grossi from the International Atomic Energy Agency noted that while damage was significant, it wasn’t total.

Trump called for accountability regarding leaked intelligence assessments, suggesting that anyone responsible should face prosecution.

Immigration Policy Adjustments

On immigration policies, Trump acknowledged the challenges farmers face when losing laborers. He indicated a possible temporary solution to prevent immigration raids on farms and hotels. While he strongly supports immigration enforcement, he also wants to consider the needs of industries that rely heavily on labor.

Recently, a Homeland Security official emphasized that there would be no leniency towards employers harboring criminals, creating a complex situation for Trump’s administration.

Trade Relations with China

Trump discussed recent trade agreements with China, highlighting the importance of establishing fair relations despite significant tariffs. He expressed a willingness to reconsider sanctions on Iranian oil shipments to China if they can demonstrate peaceful intentions.

However, he also pointed out that both countries engage in cyber activities against each other, indicating the complex nature of U.S.-China relations.

In summary, while Trump emphasizes negotiation and strong action on trade, immigration, and international relations, the details behind these policies remain intricate and evolving.

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Donald Trump, Iran, China, Rafael Grossi, Ali Khamenei, Immigration, General news, Asia Pacific, AP Top News, Agriculture, Business, China government, Washington news, ByteDance Ltd., Tricia McLaughlin, Amir Saeid Iravani, Corruption, United Nations, Maria Bartiromo, International trade, Iran government, Politics