#TrumpTariffs US trade partners are racing to negotiate deals to avoid being slapped with steep tariffs from this week.

US President Donald Trump

US President Donald Trump speaks during an event to announce new tariffs at the White House, on April 2, 2025, in Washington, DC [Mark Schiefelbein/AP Photo]

By John Power

Published On 7 Jul 2025

7 Jul 2025

The global economy is on tenterhooks in the run-up to United States President Donald Trump’s July 9 deadline for dozens of countries to reach trade deals or face sharply higher tariffs.

Wednesday’s deadline comes after Trump announced in April a 90-day pause on his steepest tariffs after his “Liberation Day” plans sent markets into a tailspin.

With billions of dollars in global trade at stake, US trade partners are racing to negotiate deals to avoid damage to their economies amid continuing uncertainty over Trump’s next moves.