Possibility of Extending the Temporary Suspension of Tariffs by the Trump Administration

According to information from Treasury Secretary Scott Bessent, the Trump administration is considering the possibility of extending the 90-day temporary suspension of tariffs on key trading partners such as the European Union after July 9. Mr. Bessent emphasized that this will depend on trade negotiations if the parties involved show goodwill in seeking solutions.

In the context of global trade tensions, this move could bring hope to countries wanting to maintain positive trade relations with the U.S. However, he also warned that countries not seriously engaged in negotiations will not benefit from this extension. This is intended to pressure partners to actively participate in resolving existing trade issues.

Experts believe that this extension could help stabilize markets and restore confidence in international trade relations, but it also puts significant pressure on countries that are not yet ready to come to the negotiating table.#TrumpTariffs