Why Trump Pushed His Tariff Deadline

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.2 • 5.3K Ratings

🗓️ 8 July 2025

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

When President Trump paused most of his “Liberation Day” tariffs for 90 days last spring, the administration had hoped to cut dozens of trade deals. As trade advisor Peter Navarro put it, there could be "90 deals in 90 days." But as Trump’s deal deadline approached, it became clear that the administration’s deal-making push has hit some snags, resulting in only a handful of agreements with the UK, China, and Vietnam. This week, Trump extended his deadline to August 1st and sent public letters to many U.S. trading partners. WSJ’s Gavin Bade explains the sticking points that have gotten in the way of “90 deals in 90 days.” Annie Minoff hosts. Further Listening: - Trump's Plan B After Trade Court Setback - Inside the Surprise U.S.-China Trade Deal - Taking Stock of the 'Sell America' Trade Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So, Gavin, you cover trade.
0:08.3	What's gotten you through the past few days?
0:10.4	Is it mindfulness meditation, Red Bull?
0:14.2	What's your go-to?
0:16.0	I'm a coffee drinker and definitely had a lot of that and some green tea.
0:20.8	You know, we've been feeling very under the gun with all these trade negotiation
0:24.7	announcements in the letters.
0:26.4	You just don't really know what's coming next with this administration.
0:29.5	But we're rolling with the punches, so to speak.
0:32.6	Our colleague Gavin Bade is under the gun because he's been covering President Trump's
0:36.9	trade policy,
0:38.3	which means every few months, things get pretty intense.
0:42.7	Like back in April, when Trump first announced his sweeping Liberation Day tariffs.
0:48.2	April 2nd, 2025 will forever be remembered as the day American industry was reborn,
0:56.0	the day America's destiny was reclaimed.
0:59.3	After the announcement, the market tanked.
1:02.7	And a week later, Trump paused the tariffs.
1:06.1	The goal of that 90-day pause was to cut as many deals with U.S. trading partners as the administration could.
1:12.7	Here's Trump trade advisor Peter Navarro.
1:15.3	We've got 90 deals in 90 days possibly pending here.
1:19.3	90 deals in 90 days.
1:22.3	And we're going to get this done for the American people.
	...

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