The Trump administration has issued a firm deadline: by Wednesday, key nations must submit their final trade deal proposals or face the imposition of new tariffs. This move is part of an effort to finalize agreements before a self-imposed July 8 deadline, following a 90-day pause on the "Liberation Day" tariffs initiated in April .
The administration is seeking comprehensive offers addressing tariffs, quotas, non-tariff barriers, digital trade, and economic security. Countries currently engaged in negotiations include the European Union, Japan, Vietnam, and India. A preliminary agreement has been reached with the United Kingdom .
The prospect of renewed tariffs has heightened market volatility. Investors are closely monitoring developments, as escalating trade tensions could impact global indices, commodities, and safe-haven assets. Notably, cryptocurrencies like Polkadot (DOT) and Cardano (ADA) have experienced fluctuations amid the uncertainty.
Traders focusing on volatility should remain vigilant, as the outcomes of these negotiations could present both risks and opportunities in the near term.
