Trump confirms no extension on tariff pause as deadline approaches

In the United States, President Donald Trump stated his intention to not extend the 90-day pause on tariffs imposed on most nations after July 9. Trump indicated that the administration would start notifying countries about the reinstatement of the trade penalties unless new deals were made. Reports suggest that negotiations with various international partners are stalling, with only a few agreements finalized. With just days left in the designated timeframe for negotiations, Trump's administration faces increasing pressure to secure trade agreements to provide relief to the economy, which is showing signs of strain. Amid ongoing tensions with Canada and China, there is uncertainty over the potential economic impacts of a return to higher tariffs that were initially imposed in early April. As Trump's administration works to finalize trade deals, the possibility of a significant number of agreements remains unlikely, putting the stability of the U.S. economy in a precarious position.