Global Trade Tensions Escalate as Tariff Deadline Looms
Countries are scrambling to secure last-minute trade deals as the Thursday deadline for new US tariffs approaches. President TRUMP signaled a potential delay in tariffs on Chinese goods, stating a deal is "close," while maintaining pressure on other nations. The Swiss president is en route to Washington with revised concessions to avoid 39% tariffs, contrasting with India's deteriorating negotiations after Trump threatened to raise their tariffs "very substantially."
Market uncertainty grows as importers brace for the impending tariff implementation. India's delegation notably bypassed Washington for Moscow, reflecting widening geopolitical fissures. The administration remains steadfast, with no indications of postponing the scheduled tariff increases.
