'It's impossible': Is Trump's team starting to sweat as his own trade deal deadline approaches?

4 months ago
22

Description:

With the July 9 deadline rapidly approaching, President Donald Trump and his trade team face mounting pressure to finalize agreements with dozens of countries. The administration has set an ambitious goal of securing 90 trade deals in 90 days, but so far, only a preliminary agreement with the United Kingdom has been reached. Negotiations with other major partners, including India and Vietnam, have encountered significant obstacles, raising doubts about the feasibility of meeting the deadline. Legal challenges to the administration's tariff authority further complicate the situation, with a federal court ruling that Trump overstepped his authority, though an appeals court has temporarily suspended that decision. Economists warn that failure to finalize these deals could lead to steep tariffs and potential economic downturn. Despite these challenges, the administration remains optimistic, urging countries to submit their best offers by June 4 to avoid the imposition of new tariffs.
nypost.com
+6
investopedia.com
+6
timesofindia.indiatimes.com
+6
investopedia.com
+2
politico.com
+2
nypost.com
+2

Sources

Tools

Loading comments...