Overview

• President Trump said the July 9 deadline for reimposing broad reciprocal tariffs is flexible and may be moved earlier or later depending on trade talks.
• White House press secretary Karoline Leavitt stated that the president can unilaterally set tariff rates for countries that fail to negotiate by the deadline.
• The administration has finalized a trade framework with China and confirmed a deal with the U.K. ahead of the pause’s expiration.
• Treasury Secretary Scott Bessent indicated that the negotiation window could stretch to Labor Day for partners demonstrating good-faith efforts.
• The U.S. is engaging 18 key trading partners and plans to announce its top ten deals by July 9, after which non-compliant countries will revert to April 2 tariff rates.