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The Guardian - US
The Guardian - US
World
Callum Jones in New York

Here we go again: latest Trump tariff deadline looms amid inflation concerns

a container ship
A container ship at the Port of Los Angeles on 25 June 2025. Photograph: Mario Tama/Getty Images

When Donald Trump unveiled his “liberation day” tariffs in the spring, only to pull the plug days later as panic tore through global markets, his officials scrambled to present the climbdown as temporary.

Three months of frenetic talks would enable the Trump administration to strike dozens of trade agreements with countries across the world, they claimed. “We’re going to run,” the White House trade adviser Peter Navarro told Fox Business Network. “Ninety deals in 90 days is possible.”

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