T-minus two days until Trump's tariff deadline
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 7 July 2025
⏱️ 9 minutes
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Summary
Wednesday marks the deadline for countries around the world to strike new trade deals with the U.S. The steep reciprocal tariffs President Trump announced, and then delayed, back in April could come roaring back. Or maybe not. Mixed messages from President Trump and his advisors have left the outcome uncertain. But as the Wednesday deadline approaches, there are a number of new developments. Also on the show: consumer inflation expectations and knockoff clothing designs.
Transcript
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| 0:54.4 | everything secure. T-minus two days until we get trade deals, higher tariffs, or both, or |
| 1:02.8 | neither. From Marketplace, I'm Sabri Beneshaw. In for David Brancaccio. The deadline for |
| 1:08.5 | countries the world over to agree to trade deals with the U.S. |
| 1:11.9 | is Wednesday, or maybe not. Sky-high tariffs announced and delayed in April. Could come roaring back |
| 1:18.6 | on Wednesday. Or maybe not. President Trump and his advisors are issuing mixed messages. Marketplaces |
| 1:24.1 | Nova Sappho sorts it out for us. 90 deals in 90 days was the promise almost 90 days ago when President Trump paused so-called reciprocal tariffs, |
| 1:34.4 | the initial imposition of which sent stock and bond markets plummeting. |
| 1:38.5 | Well, the 90 days are up this Wednesday, and the administration has announced two limited deals, |
| 1:45.7 | one with the UK, the other with Vietnam. So now, as that deadline approaches, there are a number of new developments. For one, |
| 1:52.0 | officials say more deals could come within days. In the meantime, they appear to be buying themselves |
| 1:57.1 | more time, delaying the imposition of higher tariffs until August 1st. |
| 2:01.9 | The President said his administration will send out letters to an unspecified number of |
| 2:06.7 | countries as soon as noon-eastern today, apparently regarding either new tariff rates or |
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