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The Guardian - US
The Guardian - US
World
Guardian staff

Trump news at a glance: markets react with confusion as Trump appears to move goal posts on tariffs again

Donald Trump United States Laura Loomer Elon Musk Benjamin Netanyahu Kevin Hassett FEMA Israel
President Donald Trump looks up at the new flag on the south lawn of the White House. Markets reacted with confusion to apparent changes to US tariff deadlines.
President Donald Trump looks up at the new flag on the south lawn of the White House. Markets reacted with confusion to apparent changes to US tariff deadlines. Photograph: Tasos Katopodis/Getty Images

Stock markets slipped amid confusion as to when – and at what level – new US tariffs would be applied, as Donald Trump’s self-imposed 9 July deadline edged closer.

The US is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by Thursday, the president said on Sunday, with the higher rates to take effect on 1 August.

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