The US president has been at pains to promote agreements clinched with trading partners, but many still face the prospect of no deal and high tariffs
The clock is ticking closer to Donald Trump’s latest tariff deadline of 1 August, and while the president has been at pains to promote the agreements clinched with some major trading partners, many others are facing the prospect of no deal and increased levies on their exports to the Unites States.
Dozens more are caught somewhere in the middle – with no trade deal signed, but as yet no threat of higher tariffs. Among them are some of America’s closet allies and biggest trading partners, including Australia, Taiwan and New Zealand.
After market turmoil led Trump to twice postpone the implementation of the higher tariffs, the president insisted on Wednesday that the 1 August deadline “will not be extended” any further, promising it would be “a big day for America.”
However, Trump still faces a potential hurdle in the courts; hours before the new round of tariffs are due to come into effect on Friday, the US court of appeals for the federal circuit will hear arguments on whether the president even has the authority to impose the tariffs.
