Should under 16s not be allowed to have YouTube accounts? That's the new plan in Australia.

I'm David Brancaccio in Los Angeles. First, Fridays, the latest deadline for the U.S. to sign trade deals with countries around the world or else, else being default high import taxes.

The administration posted about 90 deals in 90 days. That was the promise

when setting this August 1st deadline. As of today, Wednesday, it's not 90. It's more like

six, although last weekend the big one was reached with the European Union, America's largest

trading partner when considered as a block. So we have the EU, Britain,

Japan, Vietnam, the Philippines, and Indonesia accepting U.S. tariffs of 10 to 20 percent.

Among deals not yet reached, Mexico, Canada, India, the list goes on as this deadline looms.

Marketplaces Mitchell Hartman has more.

The administration has already imposed a 10% tariff on all goods that enter the U.S.

On August 1st, President Trump has threatened to raise tariffs much higher for specific countries

to 25% for South Korea, 36% for Thailand, 50% for Brazil. Without new trade deals, Mexico and Canada face

tariffs of 30 and 35% respectively. Other big trade partners are also under pressure, says Gary

Huffbauer at the Peterson Institute for International Economics. The deal with India is fairly high on the priority list.

Now, from a trade standpoint, it's difficult.

Because Huffbauer says, India would have to drop its protectionist tariffs on imports from the U.S.,

now around 17 percent to zero to make a deal.

All told, says Ernie Tedesky at the Yale Budget Lab, with no further tariff delays or

11th hour deals.

The average effective tariff rate in the United States would be 18.2% on August 1st.

That is the highest since 1934. Tedesky says at the start of this year, the rate was 2.5%. I'm Mitchell Hartman for

Marketplace. In about seven hours, we'll know the Fed's thinking on jobs, inflation, and its interest

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