Trump's "Liberation Day" Trade Deadline

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Trade policy

Washington Examiner

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US Politics

Trump trade deals fall short of '90 deals in 90 days' promise

Summary

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75% Informative

President Donald Trump ’s self-imposed July 9 deadline to make trade deals with several countries is set to expire this week .

The administration has only inked two agreements with the United Kingdom and Vietnam , and is coming close to a third with India .

That number falls well short of the ambitious numbers touted in April when the president announced a three-month pause from his “Liberation Day” tariffs.

Tariffs set to kick in on July 9 .

Analysts say uncertainty is likely to weaken U.S. economic prospects and undermine any benefits from the One Big Beautiful Bill Act.

Analysis shows the direct costs created by the import taxes on mid-sized businesses, those with $10 million to $1 billion in yearly revenue, are likely to hit retailers hardest.

The U.S. will maintain a 10% tax on nearly all imports from the U.K. , down from 27.5% Trump had pitched during the “Liberation Day” unveiling .

The deal opens the British market to American beef, ethanol, and other agricultural products.

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Neutral language

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formal

Language

English

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not offensive