President Trump is extending the time to achieve trade agreement goals, falling short of the target of 90 deals in 90 days. He issued letters to Japan and South Korea warning of a 25% universal tariff set for August 1, subject to modification based on diplomatic relations. Progress is noted with the UK and Vietnam, while discussions have resumed with Canada after resolving issues over a digital services tax. The European Union is also seeking a deal ahead of the tariffs' implementation.
Trump published two letters outlining a universal 25% tariff on goods from Japan and South Korea, stating these tariffs may be modified based on relationships.
The White House announced resumed talks with Canada after previous disagreements over a digital services tax, with goals centered on lifting tariffs on Canadian goods.
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