Trump believes there is no need to extend the tariff deadline of July 9, and the U.S. Treasury Secretary admits it may be difficult to complete all negotiations
ChainCatcher news, according to Jinshi reports, U.S. President Trump stated that he believes there is no need to extend the trade deadline of July 9, and countries must reach an agreement with the U.S. before this deadline to avoid being subjected to higher tariffs.In an interview with Fox News, he said, "I don't think an extension is necessary." He then added, "I could extend it, it's no big deal." Prior to this, Trump had stated last Friday that the government could "do whatever it wants" regarding this deadline, including extending or shortening it.On Friday, U.S. Treasury Secretary Mnuchin stated: "Some countries have presented us with very good agreements, but it may not be possible to complete all negotiations before Trump's tariffs on specific countries take effect on April 2. If we can reach agreements with 10 to 12 of the 18 key trading partners—along with another 20 important trade relationships—then I think we can complete all trade negotiations before Labor Day in the U.S. (September 1)."