Trump delays tariffs as the rest of the world plays hardball
Source: BBC
Trump delays tariffs as the rest of the world plays hardball
9 July 2025
Faisal Islam
Economics editor, BBC News•@faisalislam
Donald Trump's White House had grandly promised "90 deals in 90 days" after partially pausing the process of levying what the US president called "reciprocal" tariffs.
In reality, there won't even be nine deals done by the time we reach Trump's first cut-off date on 9 July.
The revealing thing here, the poker "tell" if you like, is the extension of the deadline from Wednesday until 1 August, with a possibility of further extensions - or delays - to come.
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However, the real takeaway here has been the Trump administration's inability to strike deals. The letters are an admission of failure.
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Read more: https://finance.yahoo.com/news/trump-delays-tariffs-rest-world-230144866.html