#TrumpTariffs

US President Donald Trump has delayed the implementation of higher tariffs until August 1, giving countries more time to finalize trade agreements and avoid steep duties. The move aims to pressure global partners into swift trade concessions. With several trade deals reportedly "close" to being wrapped up, markets have been given a three-week extension to react. This delay could lead to a relief rally in US equities, commodities and cryptocurrencies. The Trump administration is prioritizing negotiations with major trading partners, including the European Union and India, and may offer flexibility to countries negotiating in good faith .

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