Overview

• President Trump said he will not extend the 90-day pause on his country-specific reciprocal tariffs and will issue letters outlining higher duties once it expires.
• He threatened to impose 30–35% levies on Japanese imports over alleged rice import refusals and auto trade deficits even as US Census data confirm continued rice purchases and Japan rejects agriculture or auto concessions.
• Talks with India are proceeding under cautious optimism for a limited agreement that could lower US tariffs below 26% if New Delhi opens its market to American goods.
• Only the United Kingdom has secured a finalized trade deal under the tariff pause, while China’s negotiations have produced only a preliminary framework and most other partners remain at early stages.
• Analysts warn that countries now face three possible outcomes: locking in framework pacts, winning further tariff pauses at the 10% baseline rate, or suffering the snapback of higher reciprocal duties next week.