Trump Accelerates Tariff Push as Deadline Looms, Trade Talks Intensify

President TRUMP is escalating his push for reciprocal trade deals ahead of a self-imposed July 9 deadline, with new tariffs potentially ranging from 10% to 70%. The administration plans to notify multiple countries this week, aiming for full coverage by the deadline. Payments from these tariffs are expected to begin flowing into the U.S. by August 1.

Trump emphasized his preference for straightforward tariff implementation over prolonged negotiations, calling it "much easier" to maintain and control. Talks with key economies like South Korea, Indonesia, the EU, and Switzerland remain in critical phases. Only the UK and Vietnam have finalized agreements so far, while a truce with China remains fragile.

Bloomberg Economics estimates the average tariff on U.S. imports could rise to 20% from just 3% pre-Trump. The move marks a significant shift in global trade dynamics, with potential Ripple effects across financial markets.