
Trump’s Tariff Deadline Looms: Who’s In, Who’s Out?
Come Friday, the world could wake up to a major shake-up in global trade. The Trump administration’s new tariff framework is set to take effect on August 1, threatening higher duties on countries that haven’t reached a trade agreement with the United States. Dubbed “reciprocal tariffs,” the plan was first floated in April and delayed twice, from April 2 to July 9, and now to August 1, giving countries more time to strike individual deals with Washington. Despite bold claims from former President Trump and his aides about closing “90 deals in 90 days,” only eight agreements have been finalized in the past four months. Who’s Secured a Deal? United Kingdom The U.K. was first to strike a deal, securing a 10% baseline tariff on its exports along with exemptions for key industries like autos and aerospace. However, issues around digital taxes and steel tariffs remain unresolved even after a