US President Donald Trump has indicated that he would not probably extend the time limit of July 9 for business partners to trade with the United States and avoid heavy duty of 25 percent.
In an interview aired on Sunday (June 29, 2025) at Sunday Morning Futures of Fox News, Trump said that I don’t think I would need to increase the cutoff. However, he said that I can do, there is no big deal. His statement is after the statement given to journalists on Friday, in which he suggested that he could reduce the deadline.
What did Trump say about 25 percent tariff?
Trump jokingly said that he would like to send a letter to all, congratulations, you are paying 25 percent tariffs. According to Bloomberg, the Trump administration launched the campaign earlier this year, seeking business partners to reducing the deficit tariffs of April and demanded to reduce the deficit during the period of negotiation and eliminate obstacles.
What did the Treasury Secretary say about the trade deal?
Treasury Secretary Scott Besant admitted on Fox Business that many countries are coming to us with a very good trade deal. It seems difficult to meet the agreement with all the major partners by 9 July. Besant said that 10 or 12 out of critical 18 can be finalized first. Besant’s statement highlights the difference between Trump’s aggressive public stance and the complex reality of interaction with dozens of countries.
There have been several meetings in Washington recently with Indian officials. Regarding India, Trump had said that it is close to a possible agreement. There are many important questions about the agreements that can be achieved till both time-limits. America’s trade deal with India has not been finalized yet. It can be said that India’s tension has increased due to the arrival of the deadline.
How successful the deal made under time-limit pressure?
The famous UK trade agreement still has unresolved important issues, while the recent deal between the US and China also has a difference between the fennel smuggling enforcement and market access to American exporters. These examples underline anxiety that there may be a lack of comprehensiveness in the deal under the pressure of the time-limit.
Also read:
Big update about census, Modi government gave these instructions to states and union territories