Bessent says Trump ‘likely’ to push back July tariff deadline | Forexlive

The headline on this from earlier is here:

Adding more now, from Treasury Secretary Scott Bessent testimony in Congress, the House Ways and Means Committee:

• Trump is “highly likely” to push back his July 8 deadline to reach deals with top trading partners
• prepared to “roll the date forward” to allow good-faith trade negotiations to continue
• 18 major partners are currently engaged in such discussions

On the other hand:

• “If someone is not negotiating, then we will not”

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The background to this is that Trump set the July 8 deadline after pausing his “reciprocal” tariffs on more than 60 countries in April.

Since then we’ve had announcement after announcement of trade deals to come (you’ve all heard the b/s “90 deals in 90 days,”), but we’ve had none. Only one ‘framework’ tentative agreement with the UK.

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