When U.S. President Donald Trump took to Truth Social on Tuesday, his message was clear: the August 1, 2025 tariff deadline is set in stone. 'All money will be due and payable starting AUGUST 1, 2025 – no extensions will be granted,' he wrote, underscoring his hardline stance on so-called 'reciprocal' tariffs.
The announcement came after Trump unveiled new tariffs on 14 countries, including South Africa, Malaysia and Thailand, with rates ranging from 25% to 40%. While some nations have already struck deals – like the UK and Vietnam – and the U.S. even has a framework with the Chinese mainland, many are racing against time to seal agreements.
Countdown to D-Day: Nations Mobilize
Japan's chief negotiator, Ryosei Akazawa, told reporters that bilateral talks with the U.S. Commerce Secretary spanned 40 minutes, leaving Tokyo determined to reach a mutual deal before the deadline. 'We'll ramp up discussions to meet the August 1 target,' he said.
Seoul is also stepping up. South Korea's Industry Ministry announced it will 'use the remaining period to reach a mutually beneficial result' and improve domestic systems to help close the U.S. trade deficit.
EU Eyes Last-Minute Win
As the U.S.'s largest trading partner, the European Union is pushing to finalize terms ahead of the deadline. Trump hinted that a deal is near, noting, 'We're probably two days off from sending them a letter. A letter means a deal.'
Why It Matters for Global Citizens
- Business & Tech Enthusiasts: Emerging markets could shift as new tariffs reshape supply chains.
- Thought Leaders: The crackdown tests the balance between protectionism and free trade.
- Travelers & Nomads: Changes in export costs may influence prices on everything from electronics to local crafts.
With just weeks to go, all eyes are on the negotiating table. Will these last-minute talks avert a global trade shakeup? Stay tuned as leaders from G20 nations race against the clock.
Reference(s):
cgtn.com
