Trump Won’t Extend Global Tariffs Pause Past July 9

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    President Donald Trump has declared that his administration is not considering an extension of the 90-day halt on tariffs against most nations, which is set to end on July 9. As the negotiation period he established is approaching its deadline, the administration intends to inform countries that tariffs will be implemented unless trade agreements with the United States are secured. Trump mentioned that these notification letters are due to be sent out shortly.

    In a wide-ranging interview with Fox News Channel’s “Sunday Morning Futures,” Trump stated, “We’ll evaluate how each country treats us. If some nations aren’t treating us well, we might impose higher tariffs, maybe 25%, 35%, 50%, or even 10%.” Trump highlighted the challenge of creating individual agreements with every nation, as there are about 200 countries to consider.

    In the same interview, Trump discussed various topics, including the possibility of a new deal involving TikTok, relationships with China, recent military strikes on Iran, and his approach to immigration. He hinted at a group of affluent investors looking to purchase TikTok to secure its operations in the U.S., a deal likely needing China’s approval. While no specific details about the investors were offered, Trump stated further announcements would follow in about two weeks, a timeframe he frequently mentions for pending decisions.

    Earlier this month, Trump extended TikTok’s operational period in the U.S. by signing an executive order, offering additional time to transition the platform under American ownership. This marks the third instance he has postponed the deadline, initially starting with an executive order on his very first day in office after the app temporarily ceased operations due to a national ban.

    Regarding Iran, Trump asserted that American strikes had “obliterated” Iranian nuclear facilities and called for prosecution of those responsible for leaking intelligence reports that estimated Iran’s nuclear program setbacks to be only a few months. Trump insisted the strikes pushed back Iran’s nuclear ambitions significantly, declaring it effectively ended them “for a period of time.” However, Iran’s Supreme Leader accused Trump of exaggeration, claiming the U.S. actions were meant to obscure the truth. Iran’s United Nations ambassador reiterated the peaceful nature of their nuclear program, emphasizing their right to enrich uranium under international treaties.

    Complicating matters, Rafael Grossi of the International Atomic Energy Agency admitted the damage from U.S. strikes was extensive but not complete. The agency declined to report Iran’s possession of nuclear weapons or its proximity to such, as their findings didn’t support those claims. Meanwhile, the Trump administration is probing the unauthorized release of intelligence assessments and considering actions to address the issue.

    On immigration, Trump presented a more nuanced stance regarding labor in agriculture and hospitality sectors, acknowledging the challenges of deporting workers essential to these industries. He suggested the possibility of a “temporary pass” allowing farm and hotel proprietors leverage over immigration raids at their establishments. Although he previously advocated for a pause on raids affecting these sectors, a statement by a Homeland Security official suggested there would be no exceptions for industries harboring criminals or undermining enforcement.

    Lastly, Trump spoke about ongoing trade discussions with China, praising recent agreements regarding China’s rare earth exports and underscoring the role tariffs play in establishing a fairer economic relationship. Trump mentioned he might consider easing oil sanctions on Iran if the country proves its peaceful intentions and ceases harmful actions. However, when challenged about China’s cyber activities, he confidently hinted at reciprocal actions by the U.S. in cyberspace.