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Snapshot 7:Mon, Jul 7, 2025 6:25:34 PM GMT last edited by SofiaLanfri

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

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

Trump's chaotic tariff strategythreats createshave necessarycreated leveragedangerous touncertainty rebalancefor decadesbusinesses ofand unfairconsumers while risking a global trade relationshipswar that havecould costtrigger Americana jobs and factoriesrecession. The 90-daypresident pauseappeared allowedconfused countriesabout timehis toown negotiatedeadline Sunday, butrequiring manyhis havecommerce beensecretary draggingto theirclarify feetthe insteadpolicy. ofAmerican offeringfamilies meaningfulare concessions.going Nowto theypay must face the consequencesprice offor theirTrump's stallingrecklessness.

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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



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