Key Facts
On April 25, former U.S. President Donald Trump stated that the likelihood of extending the suspension period for certain “reciprocal tariffs” is low. Earlier this month, on April 9, Trump announced a 90-day suspension of these tariffs, which target countries and regions with significant trade deficits with the United States. The suspension is set to expire in early July.
When asked about a possible extension, Trump remarked, “The possibility is low. We will simply impose tariffs. Ultimately, it will result in a very reasonable deal.”
According to Reuters, the U.S. Trade Representative (USTR) is currently negotiating alternative measures with various countries, including Japan, to reduce or eliminate the 10% reciprocal tariff applied to nearly all nations. A USTR spokesperson clarified that any final decision on these alternatives will be made by Trump.
On April 25, former U.S. President Donald Trump expressed that the likelihood of extending the suspension of certain “reciprocal tariffs” is low. These tariffs, initially suspended for 90 days on April 9, target countries with significant trade deficits with the U.S. and are set to expire in early July. Trump stated, “The possibility is low. We will simply impose tariffs. Ultimately, it will result in a very reasonable deal.” According to Reuters, the U.S. Trade Representative (USTR) is negotiating alternatives with countries like Japan to reduce or eliminate the 10% tariff, with Trump making the final decision.
