Gold prices edge lower; heading for weekly losses ahead of U.S.-Russia talks
Investing.com-- U.S. President Donald Trump said on Monday that the August 1 deadline for imposing reciprocal tariffs is "not 100% firm,” adding that he’s open to alternate proposals if trade partners request changes.
"I would say firm, but not 100% firm. If they call up and they say we’d like to do something a different way, we’re going to be open to that,” Trump told reporters when asked if the deadline for the tariffs was firm.
Earlier in the day, Trump signed an executive order extending the July 9 deadline to Aug. 1.
He also announced new tariff rates on 14 nations, including Japan, Indonesia, South Korea, Serbia, and Tunisia, warning that duties of 25% on key allies such as Japan and South Korea will take effect if no deals are struck.
Notably, the higher tariffs will not combine with previously announced sector tariffs such as those on automobiles, steel, and aluminum.