The deadline for reciprocal tariffs on July 9 may be postponed. We just discussed yesterday that if a complete trade agreement is not reached before July 9, then temporary agreements will be made with various countries while continuing discussions, effectively automatically extending the July 9 deadline. This way, Trump also has a statement and explanation. This morning, Beisente mentioned during a congressional hearing, "For those countries negotiating in good faith—or trade groups like the EU—we are very likely to extend the deadline to continue good faith negotiations. But if someone does not negotiate, then we will not extend it."
The agreement that may be reached in negotiations with India could serve as a template for future negotiations, and reports suggest that the EU also expects negotiations to continue beyond the July 9 deadline. EU insiders revealed that in the best-case scenario, consensus on the principles of the agreement will be reached before the deadline, followed by further discussions on specific details.
Yesterday, Trump stated in an interview that he personally also expressed a willingness to extend the July 8 deadline on Wednesday, but deemed it "not very necessary." He also mentioned that letters outlining the terms of trade agreements will be sent to dozens of other countries within one to two weeks. The twist here is that Trump, due to not achieving substantial results before the deadline, may again resort to threats to intimidate various countries.
