Trump: August 1 Is Not a Tariff Extension, Reaching an Agreement Takes Too Long
Odaily Planet Daily News: U.S. President Trump stated, "August 1 is not a (tariff) extension; perhaps it is just a clarification. The tariff deadline has always been August 1. The motivation is to encourage countries to do business in the United States. When it comes to tariffs, we are working to choose a number that is both low and fair. Most tariff rates are lower than those imposed by the U.S. Reaching an agreement takes too much time—it can take years to finalize a deal. We are not being tough." (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US EV landscape after subsidy cuts: traditional automakers cut and halt production, Tesla (TSLA.US) regains the majority share with Model Y
As traditional automakers cut back on their loss-making electric vehicle businesses, Tesla (TSLA.US) has regained more than half of the US electric vehicle market share.
Saving in the US, paying globally? Industry research warns: Trump’s push to lower drug prices could instead incentivize pharmaceutical companies to raise prices overseas
A study published in The Lancet indicates that Trump's efforts to lower drug prices in the United States may force pharmaceutical companies to raise prices internationally or exit certain markets, potentially leading to a significant reduction in the approximately $11.6 billion saved annually by Medicare.
Franco-Nevada buys A$170 million Bullabulling gold project royalty from Minerals 260
Crypto prices
More
