June 30, 2025

U.S. President Donald Trump has declared that the 90-day tariff pause for most nations will not be extended past July 9. This move could potentially escalate trade tensions with various countries as the administration plans to enforce trade penalties if deals are not made with the United States. Trump mentioned that letters notifying countries of the impending trade penalties will be sent out soon. In an interview with Fox News, he emphasized evaluating how countries treat the U.S. based on which tariff percentages will be applied. Despite the initial goal of securing 90 trade deals in 90 days, Trump acknowledged the challenges of negotiating separate agreements with numerous nations due to the sheer volume of countries globally. The President also touched on diverse subjects including discussions about a potential TikTok deal, the U.S.'s relationship with China, recent military actions against Iran, and an impending immigration crackdown. He hinted at a forthcoming TikTok acquisition deal and expressed optimism about receiving approval from Chinese President Xi Jinping. While details about the potential investors remain undisclosed, Trump mentioned a group of affluent individuals being involved in the transaction. The President hinted at revealing more specifics in the next two weeks, a timeline he often references for significant decisions. Trump signed an executive order earlier to extend TikTok's operations in the U.S. for an additional 90 days to facilitate negotiations for transferring ownership to American entities. The episode underscores Trump's continued emphasis on economic and geopolitical issues as his administration navigates various challenges on the international front.

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Tags: Donald trump, Tariffs, Trade deals, Tiktok, China, Iran, Immigration,