Trump Asserts No Extension of Global Tariff Suspension After July 9, 2025
President of the United States, Donald Trump, recently warned that there will be no extension of the global tariff suspension after July 9, 2025. Trump emphasized that countries that fail to reach a trade agreement with the U.S. before that deadline will face full tariffs.
July 9 is the deadline set by Trump for reciprocal tariff negotiations. In the coming days, Trump plans to send letters to various countries, urging them to finalize trade agreements promptly. "If they treat the U.S. fairly, we will see the results," he said.
This policy has the potential to trigger volatility in global markets, including digital asset markets like Bitcoin, which are typically very sensitive to economic and geopolitical uncertainties. Investors are advised to remain vigilant and closely monitor developments in these trade negotiations.
With Trump's firm stance of not granting an extension, the business world and international markets must prepare for the possibility of escalating tariffs that could have widespread impacts on global trade and the economy.