Trump dreams of a new Rome...
The White House Council of Economic Advisers Chairman Stephen Miran indicated that the Trump administration may extend the July 9, 2025, tariff pause for countries negotiating trade deals in good faith, as stated in a Yahoo Finance interview. Despite progress, only the UK has secured a formal trade agreement, while talks with countries like Canada, Japan, and the EU face challenges. Canada threatens retaliatory tariffs, and the EU may respond if the 10% baseline tariff persists. Trump’s inconsistent tariff policies complicate negotiations, while the US economy braces for tariff impacts amid efforts to pass a major tax bill.
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