US' Bessent warns of tariff hike if no trade deals reached by August 1 ...Middle East

Bessent noted that the US is close to finalising several trade deals, with major announcements expected in the coming days ahead of the July 9 deadline when suspended tariffs are set to resume.

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Late last week:

Trump cited the difficulty of negotiating with over 170 nations, prefers setting fixed tariffs over extensive negotiations

TACO refers to the saying in the market that 'Trump Always Chickens Out', that is he announces tariffs and other damaging economic policies and then delays them. Trump says its not TACO but a genius negotiating tactic. You be the judge.

This article was written by Eamonn Sheridan at www.forexlive.com.

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