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Fortune
Fortune
Nino Paoli

White knuckles and 'massive unknowns' ahead of Trump’s July 9th tariff deadline

Donald Trump Thierry Wizman China Fortune United States Paul Donovan European Union UBS
U.S. President Donald Trump holds up a chart of "reciprocal tariffs" while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. (Credit: Photo by Chip Somodevilla/Getty Images)
  • The 90-day pause on reciprocal tariffs is set to expire on July 9, and U.S. consumers and investors are left waiting in limbo as President Donald Trump negotiates deals with trade partners. Experts tell Fortune Trump’s next moves could put his credibility in question, as he’s already walked back on previous tariff hikes after his “Liberation Day” announcement.

The countdown to the 90-day freeze on sweeping Liberation Day tariffs expires next week, and President Donald Trump’s administration is a far cry from its “90 deals in 90 days” goal.

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