US President donald trump has indicated that he will probably not extend the July 9 deadline set for trading partners to trade with the united states and avoid a hefty 25 percent duty. In an interview aired on Fox News' sunday Morning Futures on sunday (June 29, 2025), trump said that I do not think I will need to increase the cutoff. However, he said that I can, no big deal. His statement comes after a statement given to reporters on Friday, in which he suggested that he could reduce the deadline.
What did trump say about the 25 percent tariff?
Trump jokingly said that he would like to send a letter to everyone saying congratulations, you are paying a 25 percent tariff. According to Bloomberg, the trump administration launched this campaign earlier this year, demanding that trading partners reduce losses and eliminate barriers during the negotiation period before reactivating the suspended tariffs of April.
What did the Treasury Secretary say about the trade deal?
Treasury Secretary Scott Bessant admitted on Fox business that many countries are coming to us with very good trade deals. It seems difficult to complete agreements with all major partners by July 9. Bessant said that 10 or 12 out of 18 important relations can be finalized first. Bessant's statement highlights the difference between Trump's aggressive public stance and the complex reality of simultaneous negotiations with dozens of countries.
Several meetings have been held with indian officials in Washington recently. Regarding india, Trump had said that he is close to a possible agreement. Many important questions remain about the agreements that can be achieved by both deadlines. America's trade deal with india has not been finalized yet. It can be said that India's tension has increased as the deadline approaches.
How successful is the deal made under deadline pressure?
The much-discussed UK trade deal still has important issues unresolved, while the recent US-China deal also has differences in relation to fentanyl trafficking enforcement and market access for US exporters. These examples underscore the concern that a deal made under deadline pressure may lack comprehensiveness.
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