President of the USA Donald Trump arrives at Huis ten Bosch Palace for a dinner forward of the Nato Summit 2025 on June 24, 2025 in The Hague, Netherlands.
Patrick Van Katwijk | Getty Photographs
President Donald Trump may lengthen his upcoming self-imposed tariff pause deadlines, the White Home mentioned Thursday.
Requested if Trump remains to be dedicated to a deadline to strike commerce offers by July, press secretary Karoline Leavitt mentioned that date “will not be crucial.”
“The president can merely present these nations with a deal in the event that they refuse to make us one by the deadline,” Leavitt mentioned at a press briefing.
“And which means the president can choose a reciprocal tariff price that he believes is advantageous for the USA and for the American employee,” she mentioned.
She later added, “Maybe it might be prolonged, however that is a choice for the president to make.”
Trump in late Might had threatened to impose 50% tariffs on the European Union. However two days later he agreed to delay that obligation till July 9, after European Fee President Ursula von der Leyen mentioned she wanted an extension to “attain an excellent deal.”
Trump can also be arising in opposition to the expiration of a 90-day pause on his imposition of “reciprocal” U.S. tariffs on practically all different nations.
That reprieve, which dropped the near-universal tariffs to a blanket 10%, is about to finish on July 8.
Shares rose to session highs following Leavitt’s remarks Thursday afternoon, which have been simply the newest sign that Trump could not maintain quick to the deadlines he beforehand introduced.
Earlier Thursday, White Home Council of Financial Advisers chairman Stephen Miran instructed Yahoo Finance that he anticipated these deadlines could be prolonged for nations engaged in “good religion” commerce negotiations with the U.S.
In these instances, “I do not see why [tariff] charges would snap again larger,” Miran mentioned.
Earlier in June, Treasury Secretary Scott Bessent testified earlier than the Home Methods and Means Committee that it was “extremely seemingly” that Trump would push again his July 8 deadline.
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