What A Day Trump's Tariff Deadline Is Two Days Away
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Jul 30, 2025 In this discussion, Alex Jacquez, Chief of Policy and Advocacy at Groundwork Collaborative and former economic policy advisor, dives into the impending tariff deadline announced by Trump. He unpacks the potential economic fallout of these tariffs, exploring how they could impact consumers and businesses alike. Jacquez also sheds light on the ongoing trade negotiations with major partners like the EU and Japan, while addressing broader issues of political dynamics and international relations. Prepare for a lively analysis of political maneuvering and the complexities of global trade!
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Tariff Landscape and Deadlines
- Trump has instituted tariffs on China at about 30% and others like 10% baseline tariffs and 25% fentanyl tariffs on North American goods.
- Higher and paused tariffs will go into effect on August 1st unless deals are reached, creating uncertainty for global markets.
August 1 Tariff Deadline Impact
- Countries failing to strike deals by August 1st face high tariffs from Trump's 'Liberation Day' announcements.
- The situation remains unpredictable, affecting businesses and consumers worldwide.
EU Tariff Deal's Questionable Benefits
- The EU deal involves 15% tariffs on many products but offers no real reciprocal benefits to the US.
- Europe's promised LNG and investment figures are exaggerated and unlikely to materialize.