logo
Trump says tariff pause ends July 9, countries could face up to 50% duties

Trump says tariff pause ends July 9, countries could face up to 50% duties

First Post2 days ago
At a White House news conference on Friday, Trump had downplayed the significance of the July 9 deadline, acknowledging the complexity of negotiating separate agreements with each country read more
President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, on April 2, 2025, in Washington. File image/ AP
President Donald Trump has indicated that he does not plan to extend the 90-day pause on tariffs for most countries beyond July 9, the end of the negotiating period he previously announced. The administration is preparing to notify countries that trade penalties will be implemented unless agreements are reached with the United States.
Trump stated that letters would be sent out 'pretty soon' ahead of the upcoming deadline.
'We'll look at how a country treats us — are they good, are they not so good — some countries we don't care, we'll just send a high number out,' he said during an interview with Fox News Channel's 'Sunday Morning Futures,' which was recorded Friday and aired Sunday.
STORY CONTINUES BELOW THIS AD
According to Trump, the letters will inform recipients: 'Congratulations, we're allowing you to shop in the United States of America, you're going to pay a 25% tariff, or a 35% or a 50% or 10%.'
At a White House news conference on Friday, Trump had downplayed the significance of the July 9 deadline, acknowledging the complexity of negotiating separate agreements with each country. The administration initially aimed to finalize 90 trade agreements within 90 days.
Negotiations are ongoing, Trump said in the interview, but added, 'there's 200 countries, you can't talk to all of them.'
He also touched on several other topics during the interview, including a possible deal involving TikTok, U.S.-China relations, recent military actions involving Iran, and domestic immigration policy.
Here are the key takeaways:
Few details on possible TikTok deal
A group of wealthy investors will make an offer to buy TikTok, Trump said, hinting at a deal that could safeguard the future of the popular social media platform, which is owned by China's ByteDance.
'We have a buyer for TikTok, by the way. I think I'll need, probably, China approval, and I think President Xi (Jinping) will probably do it,' Trump said.
STORY CONTINUES BELOW THIS AD
Trump did not offer any details about the investors, calling them 'a group of very wealthy people.'
'I'll tell you in about two weeks,' he said when asked for specifics.
It's a time frame Trump often cites, most recently about a decision on whether the U.S. military would get directly involved in the war between Israel and Iran. The U.S. struck Iranian nuclear sites just days later.
Earlier this month, Trump signed an executive order to keep TikTok running in the U.S. for 90 more days to give his administration more time to broker a deal to bring the social media platform under American ownership.
It is the third time Trump extended the deadline. The first one was through an executive order on Jan. 20, his first day in office, after the platform went dark briefly when a national ban — approved by Congress and upheld by the Supreme Court — took effect.
Trump insists US 'obliterated' Iran's nuclear facilities
STORY CONTINUES BELOW THIS AD
U.S. strikes on Iran 'obliterated' its nuclear facilities, Trump insisted, and he said whoever leaked a preliminary intelligence assessment suggesting Tehran's nuclear program had been set back only a few months should be prosecuted.
Trump said Iran was 'weeks away' from achieving a nuclear weapon before he ordered the strikes.
'It was obliterated like nobody's ever seen before,' Trump said. 'And that meant the end to their nuclear ambitions, at least for a period of time.'
Iran's supreme leader, Ayatollah Ali Khamenei, said Sunday on X that Trump 'exaggerated to cover up and conceal the truth.' Iran's ambassador to the United Nations, Amir Saeid Iravani, told CBS' 'Face the Nation' that his country's nuclear program is peaceful and that uranium 'enrichment is our right, and an inalienable right and we want to implement this right' under the Treaty on the Non-Proliferation of Nuclear Weapons. 'I think that enrichment will not — never stop.'
Rafael Grossi, the head of the International Atomic Energy Agency, said on CBS that 'it is clear that there has been severe damage, but it's not total damage."
STORY CONTINUES BELOW THIS AD
Grossi also said the U.N. nuclear watchdog has faced pressure to report that Iran had a nuclear weapon or was close to one, but 'we simply didn't because this was not what we were seeing.'
Of the leak of the intelligence assessment, Trump said anyone found to be responsible should be prosecuted. Journalists who received it should be asked who their source was, he said: 'You have to do that and I suspect we'll be doing things like that.'
His press secretary said Thursday that the administration is investigating the matter.
A 'temporary pass' for immigration raids on farms and hotels?
As he played up his immigration crackdown, Trump offered a more nuanced view when it comes to farm and hotel workers.
'I'm the strongest immigration guy that there's ever been, but I'm also the strongest farmer guy that there's ever been,' the Republican president said.
He noted that he wants to deport criminals, but it's a problem when farmers lose their laborers and it destroys their businesses.
STORY CONTINUES BELOW THIS AD
Trump said his administration is working on 'some kind of a temporary pass' that could give farmers and hotel owners control over immigration raids at their facilities.
Earlier this month, Trump had called for a pause on immigration raids disrupting the farming, hotel and restaurant industries, but a top Homeland Security official followed up with a seemingly contradictory statement. Tricia McLaughlin said there would be 'no safe spaces for industries who harbor violent criminals or purposely try to undermine' immigration enforcement efforts.
Status of China trade talks
Trump praised a recent trade deal with Beijing over rare earth exports from China and said establishing a fairer relationship will require significant tariffs.
'I think getting along well with China is a very good thing,' Trump said. 'China's going to be paying a lot of tariffs, but we have a big (trade) deficit, they understand that."
Trump said he would be open to removing sanctions on Iranian oil shipments to China if Iran can show 'they can be peaceful and if they can show us they're not going to do any more harm.'
STORY CONTINUES BELOW THIS AD
But the president also indicated the U.S. isn't afraid to retaliate against Beijing. When Fox News Channel host Maria Bartiromo noted that China has tried to hack U.S. systems and steal intellectual property, Trump replied, 'You don't think we do that to them?'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ET Market Watch: Sensex gains 90 pts, Nifty holds 25,500 ahead of US tariff deadline
ET Market Watch: Sensex gains 90 pts, Nifty holds 25,500 ahead of US tariff deadline

Time of India

time17 minutes ago

  • Time of India

ET Market Watch: Sensex gains 90 pts, Nifty holds 25,500 ahead of US tariff deadline

Transcript Hi, you're listening to ET Markets Radio, I am your host, Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Sensex gained 90 points. Nifty held above 25,500. Investors stayed cautious as US trade talks loomed. On Tuesday, Indian markets edged higher, tracking gains in Asia. Sensex closed at 83,697, up 0.11% Nifty at 25,541, up 0.1% Gains were capped by weak financials and trade deal jitters ahead of Trump's July 9 tariff deadline. Sector Moves & Stock Highlights Reliance rose 1.8% after Nuvama raised its target to ₹1,801, citing new energy growth. Bharat Electronics, Asian Paints, UltraTech Cement, and Kotak Bank gained up to 2.5%. Financials eased 0.2% for a second day, but PSU banks outperformed, Nifty PSU Bank up 0.7%. Key Movers Apollo Hospitals surged 3.5% after announcing a spin-off of its digital and pharmacy biz. Sigachi Industries plunged another 5.6%, extending its two-day loss to over 17% after the Telangana plant tragedy. Technical Views Kotak Securities said markets showed lacklustre activity, forming a narrow-range candlestick. Key resistance: 25,600 on Nifty, 83,900 on Sensex Key support: 25,470 / 83,500 HDFC Securities sees higher highs on charts, with a breakout above 25,700 likely taking Nifty to 26,000+. Global Cues & Rupee Asian stocks rose as US trade talks and a $3.3 trillion spending bill hung in the balance. Rupee firmed up 0.3% to 85.52 against the dollar. Crude held steady, Brent at $66.79, WTI at $65.15. Markets stayed range-bound, but positioning hints at a breakout, with trade talks, earnings, and global data in focus.

After F Bomb On Live TV, Donald Trump Calls Joe Biden Son Of A B***h
After F Bomb On Live TV, Donald Trump Calls Joe Biden Son Of A B***h

NDTV

time22 minutes ago

  • NDTV

After F Bomb On Live TV, Donald Trump Calls Joe Biden Son Of A B***h

While touring the Florida Everglades' newest migrant detention centre in "Alligator Alcatraz" on Tuesday afternoon with members of his cabinet - Homeland Security Secretary Kristi Noem and Florida Governor Ron DeSantis, US president Donald Trump alleged that former president Joe Biden wanted to put him there. "Hey, Biden wanted me in here," Trump said as Noem and DeSantis laughed beside him. "He wanted me [in here]. It didn't work out, but he wanted me in here." Subsequently, Trump could clearly be heard saying, "That son of a bitch," under his breath. From the White House to ICE detention: Trump says, "Biden wanted me in here, that son of a b*tch." — Thalvox (@Thalvox) July 1, 2025 The video showed a large hall that will eventually be used to detain migrants. It included bunk beds in metal cages. A reporter said that the temperature of the room would be kept at a reasonable temperature, to which Trump responded by saying Biden wanted to put him in similar conditions. Earlier during the tour, Trump and Noem spoke about the idea of prosecuting CNN over their recent reporting about an app that would track the movements of Immigration and Customs Enforcement (ICE) officers. Noem answered a question by a reporter at the detention centre saying, "Yeah, we're working with the Department of Justice to see if we can prosecute them for that. Because what they're doing is actively encouraging people to avoid law enforcement activities, operations, and we're going to actually go after them and prosecute with the partnership of Pam [Bondi] if we can, because what they are doing we believe is illegal." Trump added that CNN falsely reported the US strikes on Iran. He said, "And they may very well be prosecuted also for having given false reports on the attack in Iran. They were given totally false reports. It was totally obliterated. And our people have to be celebrated, not come home and say, "What do you mean we didn't hit the target?" We hit the target quickly. You know, the pilots came home, they said we hit the target quickly. So they may very well be prosecuted for that. What they did there, we think, is totally illegal." US President Donald Trump reveled in a new Florida migrant detention center dubbed "Alligator Alcatraz" Tuesday, joking that any escapees would be taught to run away from the reptiles to avoid being eaten. Critics of Trump's harsh immigration crackdown have called the site in the Everglades swamp inhumane, but the Republican embraced the controversy as he attended its official opening. Last Week the POTUS had left the White House on Tuesday for the NATO summit at The Hague, visibly furious with both Israel and Iran. "They don't know what the f*** they're doing," he said, slamming both nations for violating the ceasefire deal he brokered hours ago.

Trump says he won't extend July 9 trade deadline, expresses doubt on Japan deal
Trump says he won't extend July 9 trade deadline, expresses doubt on Japan deal

Indian Express

time24 minutes ago

  • Indian Express

Trump says he won't extend July 9 trade deadline, expresses doubt on Japan deal

President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the US, and continued to express doubt that an agreement could be reached with Japan. 'We've dealt with Japan. I'm not sure we're going to make a deal. I doubt it,' Trump told reporters aboard Air Force One as he returned to Washington from a trip to Florida. Trump suggested he could impose a tariff of '30% or 35% or whatever the number is that we determine' on imports from Japan – well above the 24% tariff rate he announced on April 2 and then later paused.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store