Countries given Wednesday deadline for their ‘best offers’ to avoid tariffs: report
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World leaders have just hours to negotiate new US trade deal
- The Trump administration has reportedly asked other countries to submit their best offers for new trade deals by Wednesday, aiming to meet its own self-imposed negotiating deadline.
- This push comes as the 90-day tariff pause, initiated after Trump's initial tariff announcement in April, is set to expire on July 9.
- A draft letter from the United States Trade Representative asks negotiating partners for proposals on tariffs, non-tariff trade barriers, digital trade commitments, and quotas for U.S. goods.
- The letter warns against waiting for courts to strike down Trump's tariffs, stating his intent to continue the program through any legal means.
- Trump faces a dilemma: reimposing tariffs could disrupt markets, while extending the deadline might reinforce the perception that "Trump Always Chickens Out."