By Amber Dasilva
Trump’s “reciprocal” tariffs are coming back next week, and nations around the world are uneasy. Will they truly return, or will they be delayed again? Can other countries make deals in time to stave off the worst effects? Will those deals even be honored? No one knows, but everyone’s scrambling anyway. From Automotive News:
A pivotal week on global trade looms as President Donald Trump’s 90-day pause on reciprocal tariffs is scheduled to end on July 9.
The end of the tariff pause could have significant ramifications for the auto industry, even though it applies only to the reciprocal tariffs Trump announced in April and not to the sectoral levies he placed on vehicles, parts, steel and aluminum. The auto and metals tariffs have been major topics of discussion in negotiations between the U.S. and many of its trading partners, and broad trade deals with those countries could include adjustments to those duties.
The U.S. has reached some deals with other nations, but the Trump administration seems to run on whims — just look at the will-they-won’t-they that we’ve been playing with Canada. Nothing’s predictable any more.