Donald Trump extended the deadline for new trade deals to 1 August, allowing more time for agreements amid ongoing tariffs. His definition of a deal varies widely, from a trade framework with the UK to vague agreements with Vietnam and China. Announcing more trade-related actions, Trump asserted that tariffs did not impact inflation and urged for interest rate cuts. Additionally, he threatened significant tariffs on foreign medications and copper, illustrating his aggressive trade stance despite prior indecision regarding tariff regulations.
Trump stated, "We will be releasing a minimum of 7 Countries having to do with trade, tomorrow morning, with an additional number of Countries being released in the afternoon." This announcement reflects the urgency of advancing international trade agreements amidst ongoing tariff debates.
On defending his tariffs, Trump claimed, "Tariffs have had ZERO IMPACT on Inflation," while simultaneously calling for Federal Reserve chair Jerome Powell to cut interest rates, indicating a contentious economic policy approach.
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