• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, June 1, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in USA

Trump’s 90-day Tariff Pause Nears End

Comfort Ampomaaby Comfort Ampomaa
July 7, 2025
Reading Time: 4 mins read
Trump Tariffs Dealt Heavy Blow

President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House.

The Trump administration’s 90-day tariff pause is set to come to an end on Wednesday, July 9, 2025.

Donald Trump has announced that tariff letters “and/or Deals”, would be sent out to scores of countries from today, Monday, July 7, 2025, ahead of a key deadline.

In April, Trump announced a 90-day pause, until July 9, on tariffs ranging from 10% to 50% on dozens of countries, including most major trading partners.

Trump suggested that the letters would include duty rates at the current 10% baseline, or as extensive as 70%.

ADVERTISEMENT

So far, Trump has only announced deals with three countries: the United Kingdom, which maintained a 10% tariff rate; China, which temporarily paused sky-high duties on most goods from 145% to 30%; and a minimum 20% tariff on goods from Vietnam.

US Treasury Secretary, Scott Bessent told a news agency that Trump’s going to be sending letters to some of US trading partners “saying that if you don’t move things along, then on August 1 you will boomerang back to your April 2 tariff level.”

Trump Tax Bill To Widen Deficits By $2.8T After Factoring In Economic Impacts
US Treasury Secretary, Scott Bessent.

Bessent previously said that tariffs could return to April levels, if countries failed to strike a deal with the US.

He added that the United States would not impose 70% tariff rates on major trading partners.

Bessent asserted that about 100 letters will be sent to small countries where the US doesn’t have very much trade, many of which are “already at the baseline 10%.”

He noted that the upcoming letters will set their tariff rates “so we will have 100 done in the next few days.”

He added that many of these countries never even contacted the US, saying, “We have the leverage in this situation,” as the country facing a trading deficit.

Also, the US Treasury Secretary pushed back against August 1 as a new deadline. He described the administration’s plan as applying “maximum pressure.”

“It’s not a new deadline. We are saying, ‘This is when it’s happening. If you want to speed things up, have at it. If you want to back to the old rate, that’s your choice.’”

Scott Bessent

He used the European Union as an example of countries coming to the table after Trump threatened 50% tariffs on EU imports.

ADVERTISEMENT

US Commerce Secretary, Howard Lutnick also confirmed that tariff rates would go into effect on August 1, 2025.

Following Bessent’s comments, Trump disclosed that letters will continue to go out on Tuesday and Wednesday. “We’ll have most countries done by July 9 — either a letter or a deal,” he stated.

Trump Threatens New Tariffs On Nations Supporting ‘Anti-American’ Policies Of BRICS Group

Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
US President, Donald Trump.

Meanwhile, President Donald Trump threatened new tariffs on any nation supporting “anti-American” policies of the BRICS group of emerging economies.

In a Truth Social post, Trump said that the US would impose an additional 10% tariff on “any country aligning themselves with the Anti-American policies of BRICS” with “no exceptions,” though it was not immediately clear which policies Trump was referring to.

The BRICS group, an acronym of founding members; Brazil, Russia, India, China and South Africa, has long stood as a disparate body of countries united by a shared view that global power-sharing should be redistributed to reflect current global economic realities for a “multipolar” as opposed to a West-led world order.

The group has recently expanded to include Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates as members, and has ten lower-level partner countries – including Belarus, Nigeria, Thailand and Vietnam.

Brazil is currently hosting a BRICS summit, with leaders releasing a joint declaration on Sunday voicing “serious concerns” about the “rise of unilateral tariff and non-tariff measures” – an apparent a veiled jibe at the Trump administration’s trade policy.

READ ALSO: Museveni Eyes Sixth Term In 2026 Polls

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: 90-day tariff pauseBRICSDonald TrumpHoward LutnickScott BessentTrump Tariffs
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Government Charged to Overhaul Existing Student Financial Aid Regime

Next Post

IMANI Blames Electoral Commission for Breakdown in Ablekuma North

Related Posts

JD Vance, Vice President of the United States
USA

US-Iran Ceasefire Deal Close but Key Disputes Persist

May 29, 2026
President Donald Trump
USA

US Judge Declines to Block Trump Mail-In Voting Order

May 28, 2026
AP26139653174781 1779845512
USA

Paxton Wins Republican Nomination In Texas Senate Runoff

May 27, 2026
260508 alabama congressional map ew 1148a a88fbd
USA

Court Blocks Alabama From Using Republican-drawn Congressional Map

May 26, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Prime Minister Abiy Ahmed

Ethiopia Election Set to Hand Abiy’s Party a Commanding Victory

June 1, 2026
President John Dramani Mahama

TOR to Start Refining Local Crude Oil in June – President Mahama Hints

May 31, 2026
President John Dramani Mahama

No Audited Accounts, No Job, President Mahama Warns SOE Chiefs

May 31, 2026
HE President John Dramani Mahama

Mahama: Ghana Has Become the Poster Boy for Economic Recovery

May 31, 2026
Ibrahima Konaté kisses the Premier League trophy

Konaté Bids Emotional Farewell as Liverpool Exit Confirmed Following Contract Expiry

May 31, 2026
Next Post
Franklin Cudjoe

IMANI Blames Electoral Commission for Breakdown in Ablekuma North

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address