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International Business Times
International Business Times
Business

Deal Or No Deal: What Happens With Trump's July Tariff Deadline?

US President Donald Trump is set to reimpose steep tariffs on dozens of economies July 9, unless they reach deals to avert the higher duties (Credit: AFP)

A week before US President Donald Trump reimposes steep tariffs on dozens of economies, including the EU and Japan, many are still scrambling to reach a deal that would protect them from the worst.

The tariffs taking effect July 9 are part of a package Trump imposed in April citing a lack of "reciprocity" in trading ties.

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