Trump to extend key tariff deadline to August 1 as he threatens 25% duties on Japan, South Korea goods

The chaos in the trade war that swept the first months of President Donald Trump’s second mandate is scheduled to return on Monday, when major commercial partners in the United States threatened higher duties – while the main deadline of negotiation was returned.

Shortly after Monday, Trump published two messages to Japan and South Korea, which threatens them with 25 % duties, with a higher presence for the elements that were transferred across its countries. Transshiping indicates the emptying of the goods from the way to transport and re -download to another. The duty of 25 % was basically the level that Trump announced about these two countries during his “Liberation Day” speech at a shock on April 2.

The markets have already opened a week less after mixed messages over the past 72 hours of White House officials about the importance of the deadline on July 9, which Trump put in April after re -imposing the tariff levels that pass through the country announced one week ago.

After two messages on the air on the social truth, the markets were briefly taken for another lower leg, with the large S&P 500 stock index decreased by 1 %.

During her regular press conference on Monday afternoon, White House press secretary Caroline Levit said that Trump will sign an executive order that extends on the deadline on July 9 to August 1.

It represents a return to the front back and forth, for example, out of the situation that prevailed, and shortly after that, Trump’s speech was announced on April 2 of severe import duties on dozens of nations. The moment led to one of the worst market sales. During some chaotic moments in particular, Trump changed customs tariff levels within a few hours.

The president eventually declined to impose these duties immediately in announcing a temporary stop, and since then, stocks have slowly increased to their highest levels.

With this week, the land already looked at the deadline on July 9 to inspect its importance. On Friday, it was asked whether the United States would be flexible with any countries about the deadline on July 9, Trump said, “Not really.”

He continued: “They will start paying on August 1. The money will start to come to the United States on August 1, well, in all cases largely.”

Treasury Secretary Scott Beesen tried to clarify these comments on Monday, he told CNBC: “President Trump said … The countries will not return to the mutual rate until August 1.”

Pesint said that while he is expected to have “several” advertisements during the next 48 hours, the president focuses more on “quality” of deals, not “quantity” – although he did not provide details about the nature of the proposed ads.

So, what comes after that?

Perhaps the clearest description of the playing status of the White House spokesman Kush Disai, who He told Wall Street Journal Any decisions about trade will come directly from Trump himself.

In other words, all the final deals and dates will remain in the event of a flow as long as the president says this.

So far, the President has announced new limited arrangements with the United Kingdom and China, as well as a brief statement on a agreement with Vietnam. In a publication on social media on Sunday, Trump wrote that “the letters of the US tariff and/or deals, with various countries from all over the world, will be implemented” at Monday, Washington, Monday.

Trump was already threatening the duties of the new customs tariffs late on Sunday, where he wrote in a social publication in fact that an additional tariff of 10 %, in addition to the current foundation line by 10 %, will be imposed on any country that corresponds to the policies set by the BRIX bloc, which includes Brazil, China and India. This position came as a head of the bloc who met in Rio de Janeiro.

Trump’s logical basis was not immediately clear to this confirmation.

Some in Wall Street were more optimistic that the return of uncertainty may not be significantly weighs on stocks this time.

“Our basic issue remains that uncertainty about the definitions will not be sufficient on its own to end the American economy to stop,” analysts at the Capital Incondance Group wrote in a memorandum of customers on Monday. “If this is the case, it is unlikely that it is sufficient for the enthusiasm of the enthusiasm of the stocks for us.”

However, analysts also acknowledged that renewable chaos can prove a setback for federal reserve officials, who continue to insist on maintaining high interest rates, despite the repeated demands of Trump to reduce prices. The rates remained high in anticipation of the deterioration of inflation as a result of import taxes. Analysts said it would continue to make it expensive for the federal government, not to mention consumers and companies, to borrow money.

“It has been clear in recent weeks that many [Federal Reserve officials] They wrote: