Donald Trump has decided to postpone the implementation of the “reciprocal duties” by August 1, after his advisers – including Finance Minister Scott Bessed – told him that he could achieve trade agreements over time. Government officials, such as Bessed, believed, according to a Wall Street Journal report, that progress was made in negotiations on agreements with several commercial partners, such as India and the European Union, as the July 9th deadline approached. The US president decided on Monday to extend the deadline by three weeks and send letters to countries warning of the duties that will apply then. On the weekend, Trump was discussing with his advisers whether he should extend the deadline for duties or send letters without date, simply stating the new duties. Trump had publicly stated that he was thinking of moving away from the logic of reaching agreements to avoid duties. However, he changed his mind […]
Source: News Beast
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