Trump trade deadlines in July 'not critical': White House

President Donald Trump could widen looming deadlines for reimposing steep tariffs connected imports from astir of the world's countries, the White House said Thursday.

Trump's July 8 and 9 deadlines for restarting tariffs connected those nations are "not critical," White House Press Secretary Karoline Leavitt told reporters.

"Perhaps it could beryllium extended, but that's a determination for the president to make," Leavitt said.

Leavitt besides said Thursday that if immoderate of those countries garbage to marque a trade woody with the United States by the deadlines, "The president tin simply supply these countries with a deal."

"And that means the president tin prime a reciprocal tariff complaint that helium believes is advantageous for the United States, and for the American worker," she said.

Stocks roseate to league highs pursuing Leavitt's remarks, which are conscionable the latest awesome that Trump whitethorn not clasp accelerated to deadlines helium has set.

In aboriginal April, Trump imposed alleged reciprocal tariffs astatine varying rates connected imports from astir each countries.

But connected April 9, helium granted a 90-day intermission for those tariffs for immoderate magnitude beyond 10% to springiness those countries clip to negotiate. That deadline expires July 8.

In precocious May, Trump threatened to enforce tariffs of 50% connected imports from European Union nations, each of whom had already been taxable to the reciprocal tariffs imposed successful April.

But helium soon agreed to hold that 50% work until July 9, aft European Commission President Ursula von der Leyen said she needed an hold to "reach a bully deal."

Earlier Thursday, White House Council of Economic Advisers president Stephen Miran told Yahoo Finance that helium expected those deadlines would beryllium extended for countries that engaged successful "good faith" commercialized negotiations with the U.S.

In those cases, "I don't spot wherefore [tariff] rates would drawback backmost higher," Miran said.

In June, Treasury Secretary Scott Bessent told the House Ways and Means Committee that it was "highly likely" that Trump would propulsion backmost his July 8 deadline for the afloat scope of reciprocal tariffs to instrumentality effect supra the 10% minimum.

When Trump temporarily pared backmost his reciprocal tariffs, medication officials suggested it would beryllium imaginable to clinch 90 commercialized deals successful 90 days.

But with that deadline approaching, the White House has lone struck commercialized agreements with China and the United Kingdom. And some of those pacts person been described much arsenic frameworks than arsenic finalized deals.

Trump aides person repeatedly signaled that the U.S. is precise adjacent to reaching a woody with India, though that commercialized pact has yet to materialize.

White House National Economic Council director Kevin Hassett told Fox Business connected Tuesday, "We cognize that we're very, precise adjacent to a fewer countries."

He suggested that those deals would beryllium announced aft Congress passes the large tax-and-spending measure that comprises overmuch of Trump's home agenda. Trump has said helium wants to motion that measure by July 4.

"I deliberation you're going to spot a series of commercialized bills" starting astir that date, Hassett said.