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Trump to Send Take-It-Or-Leave-It Trade Offers Within Two Weeks

Officials say the letters will formalize paused April tariffs, fueling uncertainty in global markets.

U.S. President Donald Trump speaks prior to signing "phase one" of the U.S.-China trade agreement in the East Room of the White House in Washington, U.S., January 15, 2020. REUTERS/Kevin Lamarque/File Photo
President Trump and first lady Melania Trump at The Kennedy Center. Photo: Alex Wroblewski/AFP via Getty Images
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Overview

  • President Trump announced that letters detailing firm trade proposals will be sent to dozens of countries in about two weeks.
  • The take-it-or-leave-it offers follow sweeping global tariffs imposed on April 2 and paused a week later under a 90-day negotiation window expiring July 8.
  • Trump and Treasury Secretary Scott Bessent indicated the July 8 deadline could be extended for countries negotiating in good faith.
  • Mixed signals from the administration have unsettled investors as businesses and consumers await details on the severity of the offer letters.
  • The International Monetary Fund has downgraded global growth forecasts amid rising trade tensions and multiple nations are preparing retaliatory measures.