Donald Trump’s White House had grandly promised “90 deals in 90 days” after partially pausing the process of levying what the US president called “reciprocal” tariffs.
In reality, there won’t even be 9 deals done by the time we reach Trump’s first cut-off date on 9 July.
The revealing thing here, the poker “tell” if you like, is the extension of the deadline from Wednesday until 1 August, with a possibility of further extensions - or delays - to come.
Trump posted on Truth Social, “As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!”
‘Like I said before, tariffs will be in place from 1st
JulyAugustSeptember, there has been no change to this date’.Someone needs to take his nap