Trump, tariff
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Trump administration faces pressure to clinch more trade deals, with a temporary tariff freeze on dozens of countries set to expire.
This article will be updated throughout the day, so check back often for more daily updates. President Trump announced tariffs will rise on imports from more than a dozen countries yesterday, then proceeded to widen the tariffs war on a second front.
Treasury Secretary Scott Bessent said tariff letters will be sent to about 100 countries over the next several days, as the Trump administration’s 90-day tariff pause comes to an end Wednesday.
The global economy is on tenterhooks in the run-up to United States President Donald Trump’s July 9 deadline for dozens of countries to reach trade deals or face sharply higher tariffs.
President Donald Trump says he’s not planning to extend a 90-day pause on tariffs on most nations beyond July 9
The minutes from the Federal Reserve's June 17-18 policy meeting are expected on Wednesday to show a divided central bank wrestling with the expected economic impact of rising U.S. import taxes and reluctant to commit to interest rate cuts until it is clearer how much the Trump administration's tariff increases will add to inflation.
Markets may open lower amid global trade jitters, weak Chinese factory data, and cautious investor sentiment ahead of Fed minutes.
The EU races to finalise a tariff deal with the US before July 9 or risk 50% duties on key exports. Can Portugal broker a last-minute compromise?