President Trump has confirmed that the 90-day suspension of “reciprocal” tariffs will not be extended beyond the July 9 deadline. Starting August 1, unless bilateral trade agreements have been finalized, the U.S. will impose new tariffs—ranging up to 50%—on imports from nations that have not reached trade deals with Washington.White House officials, including Press Secretary Karoline Leavitt, emphasize that this is a strategic move to pressure trading partners into concluding deals swiftly. They argue flexibility remains for countries engaged in “good-faith negotiations,” especially larger economies like the EU and Japan, though no extensions past July 9 are expected.Analysts warn this could significantly disrupt global trade and fuel inflation, as repeated tariff deadlines have already shaken markets. Financial uncertainty remains high, especially given recent delays by the Federal Reserve in cutting interest rates due to trade-related inflation concerns .

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