Trump sets 'negotiation deadline'..."It will not be extended"

JOON HYOUNG LEE

Summary

President Donald Trump of the United States clearly fixed the tariff negotiation deadline as August 1.
President Trump firmly stated that there will be no extension of the deadline, which is seen as an important signal for investors.
Although the United States and China reached an additional tariff moratorium agreement, it was reported that President Trump's statements heightened tensions.

President Donald Trump of the United States emphasized that he would not extend the tariff negotiation deadline scheduled for the 1st of next month.

On the 30th (local time), President Trump stated on his social media, Truth Social, "The August 1 deadline is the deadline," and stressed, "This is firm and will not be extended." He underscored his intention not to exceed the previously set August 1 trade negotiation deadline. President Trump added, "(August 1) is a significant day for the United States."

Meanwhile, the United States and China reached a tentative agreement on the previous day (29th) to extend the high tariff moratorium for 90 days in the 'second truce.' Scott Besant, the U.S. Treasury Secretary, said in a CNBC interview on the same day, "(Both countries) could hold additional meetings within 90 days."

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