The 9 July deadline went by without much of a fuss as Trump chose to use that as a checkpoint to send out tariff letters instead. He is now reaffirming that those who got served will have to do strike a deal and if not, face up against higher tariffs come 1 August.
With the trade war against China now taking a backseat, the negotiations with the EU is one of the more critical ones to watch out for. And that's still on a knife's edge at the moment with no compromise in the offing. As things stand, the EU themselves are standing ready to retaliate and so this will be an important point to keep an eye out for.
As for Japan, we've seen countless negotiations already between Akazawa, Lutnick, and Bessent over the last few months. And yet, both sides still have nothing to show for it even up until today. And when you throw in the political uncertainty in Tokyo into the mix, any compromise by 1 August is extremely unlikely at this stage.
Bessent said yesterday that they don't want to rush into any deals and that the 1 August deadline is just a stated timeline. It's not a hard rule for a deal to be struck as the US wants to work on "quality" deals instead. So, what exactly does that mean?
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This article was written by Justin Low at investinglive.com.Hence then, the article about the waiting game continues was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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