While taking questions from the press in Morristown, New Jersey, on Sunday, Trump stumbled when asked whether the White House had decided to extend the 90-day pause on the president’s sweeping “reciprocal” tariffs.
“What are you talking about?” Trump replied.
“They’re gonna be tariffs. Tariffs are gonna be the tariffs. I think we’ll have most countries done by July 9. Either a letter or a deal,” Trump said.
“But they go into effect on August 1,” said Lutnick. “Tariffs go into effect August 1. But the president is setting the rates and the deals right now!”
— Acyn (@Acyn) July 6, 2025
So, the White House’s ridiculous promise of “90 deals in 90 days” is officially out the window, with just two days left until the original deadline set in April. Last week, White House press secretary Karoline Leavitt described the hard stop as “not critical.”
Federal Reserve Chair Jerome Powell said last week that the central bank likely would have lowered its key interest rate if Trump hadn’t announced his tariff plan.
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