Overview

• President Trump said he will not extend the 90-day tariff reprieve beyond July 9, ensuring that tariffs will resume if no new accords are reached.
• Canada’s government repealed its planned 3% digital services tax hours before it took effect, clearing the way for negotiations on a July 21 agreement.
• India’s trade delegation extended its stay in Washington past the original June 27 end date to press for exemptions and tariff relief.
• China’s Ministry of Commerce has warned it will take “firm, resolute countermeasures” against any U.S. deal that compromises Chinese interests.
• The administration is using the threat of reciprocal tariffs of up to 50% to extract concessions from partners before the pause expires.