Trump Stands Firm on Tariff Deadline

In a decisive move, U.S. President Donald Trump has confirmed that the grace period for new reciprocal tariffs will not be extended beyond the August 1, 2025, deadline. This announcement comes as a reversal of his previous stance, where he hinted at potential flexibility depending on negotiations.

On July 8, Trump took to Truth Social to make his position clear, stating, "TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change." He emphasized that all payments would be due starting August 1, with no exceptions.

Negotiation Strategy or Final Decision?

Just a day before this announcement, Trump had extended the effective date of the tariffs, leading to speculation about his negotiation tactics. During a dinner with Israeli Prime Minister Benjamin Netanyahu, Trump mentioned the deadline was "firm, but not 100% firm," suggesting openness to alternative solutions if proposed by other countries.

Analysts and local media speculate that Trump's fluctuating statements are part of a high-pressure negotiation strategy aimed at securing concessions. Bloomberg reported skepticism in Washington and Wall Street circles regarding the implementation of these tariffs, given the ongoing negotiations.