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Trump Sets Aug. 1 Deadline for Trade Deals, Higher Tariffs

Above: Traders work on the floor of the New York Stock Exchange (NYSE) on July 7, 2025 as President Donald Trump makes new tariff announcements. Image copyright: Spencer Platt/Getty Images

The Spin

Republican narrative

Trump's tariff strategy creates necessary leverage to rebalance decades of unfair trade relationships that have cost American jobs and factories. The 90-day pause allowed countries time to negotiate, but many have been dragging their feet instead of offering meaningful concessions. Now they must face the consequences of their stalling.

Democratic narrative

Trump's chaotic tariff threats have created dangerous uncertainty for businesses and consumers while risking a global trade war that could trigger a recession. The president appeared confused about his own deadline Sunday, requiring his commerce secretary to clarify the policy. American families are going to pay the price for Trump's recklessness.

Metaculus Prediction

There's a 7% chance that the U.S. Congress will pass a bill implementing Trump's tariff policies in 2025, according to the Metaculus prediction community.



The Controversies



Political split

LEFT

RIGHT

More neutral political stance articles

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