US President Donald Trump has confirmed that the 90-day pause on new tariffs will not be extended beyond July 9.
In an interview with Fox News, Trump said that his administration will start sending notices to countries that haven’t signed trade deals with the US. These countries will face high import tariffs.
India-US Trade Deal in Final Stage
This statement comes as India and the US are close to finalizing a limited trade agreement.
As per reports, both sides are working fast to announce a deal soon. This could later form the base for a bigger bilateral trade deal by October.
High Tariffs for Non-Deal Countries
Trump said, “We’ll see how countries treat us. If they’re not fair, we’ll hit them with high tariffs.”
The letters will inform countries that they can trade in the US, but must pay 10%, 25%, 35%, or even 50% tariffs.
Trump Admits Difficulty in Multiple Trade Deals
During a recent White House press conference, Trump acknowledged that making separate trade deals with every country is difficult. His government had aimed to sign 90 trade agreements in 90 days.
Talks with Canada End Over Tech Tax
Trump suddenly ended trade talks with Canada due to its new digital services tax. He called it an “open attack” on American tech giants. In response, new tariffs will be imposed on Canadian products within a week.
Canada’s 3% Digital Tax Starts Monday
Starting Monday, Canada will charge a 3% tax on US firms like Google, Meta, Amazon, and Apple.
This tax applies to companies earning over $20 million in digital revenue from Canada and will be retroactive from 2022.
India Sends Officials to US for Deal
India has already sent trade representatives to Washington to finalize the agreement.
Meanwhile, the US has proposed a new trade offer to the EU and is continuing talks with Japan and two other nations. Japan confirmed that discussions are aimed at a mutually beneficial deal.
Will India Sign Before the Deadline?
Now the big question is whether India and the US can sign a preliminary deal before July 9—or if India will also face Trump’s tough tariff measures.
