White House economic advisor Stephen Miran stated that some countries negotiating trade deals with the U.S. in good faith might receive tariff deadline extensions. While he wouldn't specify which countries, he mentioned positive talks with Europe and India. Miran expressed optimism about additional deals before President Trump's deadline. Former Treasury Secretary Larry Summers, however, criticized the potential economic consequences of Trump's tariffs, citing higher inflation and reduced competitiveness for American producers. Summers also strongly condemned proposed cuts to the social safety net, calling the bill 'dangerous' and 'shameful'.

Prepared by Christopher Adams and reviewed by editorial team.