Trade deal deadline moves to August 1; mixed progress reported.
President Trump today extended the deadline for his “90‑day trade deal” initiative to August 1, citing slow but steady progress . He also issued simultaneous tariff notices to Japan, South Korea, Kazakhstan, Malaysia, South Africa, Laos, and Myanmar.
Partial frameworks have been struck with the U.K. (10% tariff), Vietnam (20% tariff plus 40% on transshipments), and China (pause with tariff cuts in both directions), but deals with Canada, the EU, India, and Japan remain unresolved .
Markets reacted sharply: the Dow fell over 630 points after the announcement—mired by uncertainty over which tariffs will hold and the potential for more escalation . Analysts warn that lack of clarity could stall investment plans globally.
With August approaching fast, all eyes are now on whether high-stakes negotiations will pull in time or deepen trade fragmentation.
I’m Adedayo Obadina
Talksocialtalks
