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Home World Middle East

Trump says new tariff deadline ‘not 100 percent firm’

7 July 2025
in Middle East
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Trump says new tariff deadline ‘not 100 percent firm’
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US President Donald Trump threatened higher tariffs on over a dozen countries, including Japan and South Korea, with duties ranging from 25% to 40% set to resume. However, he indicated a flexible August 1 deadline for negotiations, emphasizing potential for new deals while causing uncertainty in the global economy as major US stock indexes declined.

Explain It To Me Like I’m 5: US President Donald Trump threatened to increase taxes on goods from more than a dozen countries, including Japan and South Korea, but said he might be willing to talk about it and change the deadline for these new taxes.

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