With a July 9th deadline looming for President Trump's "Liberation Day" tariffs, the White House faces a struggle to finalize promised trade deals. Despite claims of numerous agreements, only a few have materialized. The administration now suggests sending letters to countries outlining new tariffs if deals aren't reached, pushing back the timeline yet again. This uncertainty, coupled with weakening economic indicators like falling consumer spending and rising inflation, adds pressure to reach agreements swiftly. Economists express concern that delayed trade deals and potential tariff aggression could negatively impact the US economy.

Prepared by Christopher Adams and reviewed by editorial team.