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Trump Administration Lowers Expectations for Trade Deals as Tariff Deadline Approaches

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1 hour ago

Less than 10 days till President Donald Trump’s higher “reciprocal” tariffs kick back in for most of the world, the U.S. looks like it may emerge with just a handful of trade deals. The President shocked the world and roiled markets on April 2, which he dubbed “Liberation Day,” when he imposed tariffs of as high as 50% on nearly every country, before announcing a 90-day reduction in a stunning reversal just a week later. That pause, however, is ending July 9, and Trump said in a Sunday interview on Fox News, taped Friday, that he doesn’t intend to extend the deadline—although, he add...

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