White House hints at tariff deadline extensions amid ongoing trade negotiations
TL;DR
The White House indicates some countries negotiating in good faith may have tariffs delayed, depending on their concessions, as President Trump approaches a trade deal deadline. Experts like Larry Summers criticize the economic impact of recent tax cuts and safety net reductions, warning they could harm growth and increase inequality, despite optimistic claims from the administration.
Topics:nationpoliticseconomy#economic-growth#politicseconomy#tariffs#tax-cuts#trade-deals#white-house
- White House suggests some countries could see tariff deadline shifted ABC News - Breaking News, Latest News and Videos
- Tariffs return to April rates on August 1 without deals, Bessent says Axios
- Trump team moves goalposts on tariffs again Politico
- US Trade Partners Race for Deals as Trump Readies Tariff Notices Bloomberg
- Bessent says tariffs will ‘boomerang’ to ‘Liberation Day’ levels if countries fail to negotiate deals CNN
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