“President Trump’s tariff rollout has taken numerous twists and turns since launching earlier this year. The stakes are climbing ahead of Aug. 1, Trump’s self-imposed deadline for reaching trade deals,” the Wall Street Journal reports.
“A new standard of 15% tariffs on foreign goods appears to be taking shape. The European Union agreed to that level, as did Japan last week.”
“But the outlook for many top U.S. trading partners has yet to come into clear focus. Trump has threatened, for example, to raise tariffs on Canada to 35% from the current 25% if the two countries don’t strike a deal by Friday. And a 90-day truce between the U.S. and China expires in mid-August, at which point Trump’s tariffs on China could soar.”
Politico: Trump keeps Canada guessing as trade deadline looms.
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