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Investing.com-- The White House indicated on Thursday that President Donald Trump’s July 9 deadline for reaching new trade deals may be extended, with press secretary Karoline Leavitt saying "the deadline is not critical” .
The original 90-day window, launched in April to prompt agreements with major trading partners, has yielded just two deals so far, with the UK and China.
Leavitt emphasized that while the deadline could shift, Trump retains the authority to impose or adjust reciprocal tariffs based on what he deems beneficial for the U.S. and its workers.
Under Trump’s plan, all trading partners would face a 10% baseline tariff after July 9, with reciprocal duties rising if no deal is reached.
With ongoing discussions still in progress and dialogue underway with the EU and India, the administration appears to prefer expanding the July timeframe.
A Wall Street Journal report on Thursday stated that the European Union is considering cutting tariffs on a range of U.S. imports in a bid to strike a swift trade agreement with President Donald Trump