The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals.According to The New York Times, President Trump is once again threatening to increase tariff rates on twelve foreign nations as the deadline for trade deals approaches this week. The administration has been working for 90 days to negotiate trade pacts with multiple countries in an effort to reduce barriers for U.S. exports. However, only two preliminary deals have been reached so far, with Britain and Vietnam, leaving many details to be worked out. Other countries that have not reached agreements are expected to face higher tariffs, although the administration has suggested a possible delay until August 1st. This delay may not be enough to ease tensions with foreign governments or calm financial markets, which were initially shaken by the announcement of global tariffs.
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