US President Donald Trump.Image Credit Source: PTI
The White House has announced a big relief regarding the tariff. The White House announced on Monday (July 7) that it was moving forward on August 1 by moving the tariff’s deadline on 1 August. For this, an executive order will also be issued by the White House. This is a big relief for those countries that are currently holding talks with the Trump government about the trade deal. 0 White House said in a statement that the President will sign an executive order to postpone Tariff’s July deadline by 1 August.
In addition to the delay, the administration revealed that 12 more countries would receive formal trade notification letters in the coming days. These letters will have tariff level details, which will apply to each country’s exports until the new trade conditions are negotiated. The White House also confirmed that the letters would be publicly posted on Trump’s Truth Social Account.