U.S. Tariffs Expire July 9

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CBS News

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US Politics

Tariffs could surge on July 9 with 90-day pause set to end. Here's what experts think could happen.

Summary

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71% Informative

U.S. tariffs are set to expire on July 9 , sowing economic uncertainty as the Trump administration works to revamp the terms of global trade.

Economists warn that the barrage of import duties announced on April 2 , which President Trump called " Liberation Day ," could trigger another bout of inflation, put smaller companies out of businesses and dent financial markets.

Some experts think the White House is likely to extend the tariff freeze for some nations.

Trade policy experts don't expect all, or even most, deals to be finalized by Mr. Trump 's deadline.

Some experts also think a number of countries are unlikely to fold to U.S. pressure.

European Union's 27 -member nations account for a quarter of all American exports, giving them significant leverage.

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formal

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English

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