🚨 Trump Extends Deadline for “Reciprocal” Tariffs to August 1
President Donald Trump signed an executive order on Monday extending the deadline for his “reciprocal” trade tariffs from July 9 to August 1, as his administration confirmed only limited trade deals have been reached so far.
Over recent days, Trump and White House officials repeatedly referenced the August 1 deadline amid sluggish progress in trade talks with major global economies.
The order formally sets August 1 as the deadline for Trump’s “Liberation Day” tariffs, with the president sending letters outlining new tariff plans, including a 25% tariff on imports from South Korea and Japan.
Speaking to reporters at a White House event, Trump stated he is firm on the August 1 timeline but “not 100% certain” and remains open to further negotiations.
Markets are on edge over the potential economic impact of Trump’s tariffs, which are widely expected to be shouldered by US importers. The Federal Reserve has warned that these tariffs could add to inflationary pressures across the economy.
Will Trump’s tariff “Liberation Day” reshape global trade flows and inflation outlook?
#TradeWars #TrumpTariffs #GlobalEconomy #USPolitics #Inflation #Markets #Investing #FederalReserve #SupplyChain #EconomicPolicy
President Donald Trump signed an executive order on Monday extending the deadline for his “reciprocal” trade tariffs from July 9 to August 1, as his administration confirmed only limited trade deals have been reached so far.
Over recent days, Trump and White House officials repeatedly referenced the August 1 deadline amid sluggish progress in trade talks with major global economies.
The order formally sets August 1 as the deadline for Trump’s “Liberation Day” tariffs, with the president sending letters outlining new tariff plans, including a 25% tariff on imports from South Korea and Japan.
Speaking to reporters at a White House event, Trump stated he is firm on the August 1 timeline but “not 100% certain” and remains open to further negotiations.
Markets are on edge over the potential economic impact of Trump’s tariffs, which are widely expected to be shouldered by US importers. The Federal Reserve has warned that these tariffs could add to inflationary pressures across the economy.
Will Trump’s tariff “Liberation Day” reshape global trade flows and inflation outlook?
#TradeWars #TrumpTariffs #GlobalEconomy #USPolitics #Inflation #Markets #Investing #FederalReserve #SupplyChain #EconomicPolicy
đźš— Nissan Halts US Production for Canadian Market Amid Trade Uncertainty
According to Nikkei, Nissan (OTC: $NSANY, TYO: 7201) has suspended production of three vehicle models at its Tennessee and Mississippi plants that are bound for Canada, citing uncertainty amid ongoing auto tariff negotiations between Washington and Ottawa.
Production of the Pathfinder and Murano SUVs in Tennessee and the Frontier pickup in Mississippi has been halted since May, though Nissan has not disclosed how many vehicles are affected.
This move comes as trade tensions escalate following President Trump’s administration imposing 25% tariffs on imported vehicles in April, with Canada retaliating in response.
Adding to its challenges, a day earlier, Kyodo reported that Nissan is scaling back its new Leaf EV production plans due to a parts shortage caused by China’s rare earth export restrictions.
As the global auto industry navigates tariff uncertainties and supply chain disruptions, Nissan’s production pause underscores the far-reaching ripple effects of geopolitical and trade tensions on manufacturing and market strategies.
#Nissan #AutoIndustry #TradeWar #Tariffs #Canada #USA #SupplyChain #EV #ElectricVehicles #TrumpTariffs #Manufacturing #NSANY #Pathfinder #Murano #Frontier #Geopolitics #GlobalTrade #Investing #AutomotiveNews
According to Nikkei, Nissan (OTC: $NSANY, TYO: 7201) has suspended production of three vehicle models at its Tennessee and Mississippi plants that are bound for Canada, citing uncertainty amid ongoing auto tariff negotiations between Washington and Ottawa.
Production of the Pathfinder and Murano SUVs in Tennessee and the Frontier pickup in Mississippi has been halted since May, though Nissan has not disclosed how many vehicles are affected.
This move comes as trade tensions escalate following President Trump’s administration imposing 25% tariffs on imported vehicles in April, with Canada retaliating in response.
Adding to its challenges, a day earlier, Kyodo reported that Nissan is scaling back its new Leaf EV production plans due to a parts shortage caused by China’s rare earth export restrictions.
As the global auto industry navigates tariff uncertainties and supply chain disruptions, Nissan’s production pause underscores the far-reaching ripple effects of geopolitical and trade tensions on manufacturing and market strategies.
#Nissan #AutoIndustry #TradeWar #Tariffs #Canada #USA #SupplyChain #EV #ElectricVehicles #TrumpTariffs #Manufacturing #NSANY #Pathfinder #Murano #Frontier #Geopolitics #GlobalTrade #Investing #AutomotiveNews