US Tariff Negotiation Deadline Could Be Extended

The White House suggests that a 90-day pause on "reciprocal" tariffs, set to end on July 8, could possibly be extended.

Transcript

00:00A 90-day pause on steep U.S. tariffs on most countries is set to end on July 8th.

00:06But the White House says that deadline could now be extended.

00:09Perhaps it could be extended, but that's a decision for the president to make.

00:13The deadline is not critical.

00:15The president can simply provide these countries with a deal if they refuse to make us one by the deadline.

00:22Levitt says President Trump can set a tariff rate for countries that refuse to make a trade deal with the U.S.

00:28A top White House official says he expects the deadlines will be extended for countries that engage in good-faith trade negotiations.

00:35The Trump administration is currently in talks with several countries to reduce tariffs and strike deals.

00:41That includes Taiwan, which faces 32 percent import duties on most of its goods.