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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump Says Aug. 1 Tariff Deadline Won’t Be Extended

  • President Trump announced that the August 1 deadline for nations to start paying reciprocal tariffs will not be extended.
  • Trump's statement comes after initially setting a deadline for countries to conclude trade negotiations with his administration.
  • On Monday, Trump issued tariff demand letters, but also signed an executive order delaying the tariff implementation for three weeks.
  • Despite some skepticism, traders mostly ignored the tariff threats, with stocks remaining near all-time highs.

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