President Donald Trump may delay the July 8 and 9 deadlines for reimposing steep reciprocal tariffs on most global imports, according to White House Press Secretary Karoline Leavitt. Trump has already paused tariffs above 10% for 90 days since April, aiming to secure new trade agreements. So far, only framework deals with China and the U.K. have been reached. Talks with India are reportedly close. Stocks rose after the White House indicated flexibility. Trump has threatened a 50% tariff on EU goods but extended that deadline to July 9. Economic advisers suggest more deals may be announced after Congress passes Trump’s tax-and-spending bill by July 4.
