
Trump shrugs off July tariff deadline: 'We can do whatever we want'
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Trump's answer appeared to correspond to the date when his self-described reciprocal tariffs on many nations are set to return to their initial, higher levels.
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investment
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June 27, 2025
08:06 PM
CNBC
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President Donald Trump said he may not stick to an upcoming deadline when major U
Tariffs are set to snap back into effect on a slew of countries. "No," Trump said at the White House when asked if that early July deadline is set in stone. "We can do whatever we want. "US President Donald Trump speaks during a news conference in the Brady Briefing Room of the White House on June 27, 2025, in Washington, DC
Andrew Caballero-Reynolds | Afp | Getty ImagesPresident Donald Trump said Friday he may not stick to the deadline in early July when massive U
Tariffs are set to snap back into effect on a slew of countries. "No, we can do whatever we want," Trump said at the White House when asked if his deadline was set in stone. "We could extend it
We could make it shorter. " The question had specifically been July 9, the deadline for the U
And the European Union to negotiate a trade deal or else trigger a 50% tariff on EU imports to take effect
But the president's answer appeared to refer to a July 8 deadline when a three-month pause on his self-described "recical tariffs" on many nations ends, sending country-specific tariff rates back up to their initial, much higher levels
Despite Trump's apparent flexibility as to the dates, the executive order he signed on April 9 is not flexible unless it's formally d
That order reduced Trump's country-specific tariffs down to a rate of 10% across the board for 90 days, and specified that the temporary reprieve would only last for three months
Unless Trump revises his order, the sweeping tariffs will return to their sky-high rates in 12 days
Read more CNBC coverageEurope will buy more American weapons and pave way for trade deal, EU council chief saysTrump hosts 'One, Big, Beautiful' event to push GOP senators to pass tax billPolice detain six outside Palantir office at test over deportations, military workTrump trade deadlines in July 'not critical': White HouseTrump vows to make Spain pay after it refuses to meet NATO spending targetTrump downplays U
Intelligence report on Iran strikes at NATO presser'Time to get serious on defense': It's a moment of truth for NATO on spendingTrump to Congress: 'NO ONE GOES ON VACATION' until spending bill passesThat could have a major impact on a slew of U
Trading partners, and risks repeating the global economic turmoil that Trump set off when he announced the initial tariff rates on April 2
Countries were blindsided by the massive import duties — some as high as nearly 50% — that Trump rolled out on what he called "liberation day. "What immediately ed were days of highly volatile and criticism and alarm from investors, world leaders and importers
One week later, Trump announced a 90-day pause on the new tariff rates
The White House initially suggested in April that it would hammer out individual trade deals with scores of countries in the intervening months
But with less than two weeks remaining in the 90-day interim period, the White House has so far only struck limited trade agreements with China and the United Kingdom
Both of those deals have been described as more akin to frameworks than to finalized deals
Beijing's Commerce Ministry said earlier Friday that China and the U
Have confirmed the details of the trade framework that both sides agreed to in prior talks. "We've made a deal with bably four or five different countries," Trump said Friday, but "We have 200 countries, you could say 200 countries plus," on the list of country-specific tariff targets from April. "So at a certain point, over the next week and a half or so, or maybe before, we're going to send out a letter, we talked to many of the countries, and we're just going to tell them what they have to pay to do in the United States, and it's going to go very quickly," said Trump
Trump's s ed other recent suggestions by administration officials that the July tariff deadlines are fluid. "Perhaps it could be ext, but that's a decision for the president to make," White House press secretary Karoline Leavitt said Thursday
In late May, a federal trade court struck down the tariffs, ruling that the law Trump invoked to impose them did not grant him the authority he claimed it did
But a federal appeals court has paused that ruling from taking effect.
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