- Donald Trump has once again postponed the implementation of significant import tariffs, extending the delay until 1 August.
- The decision to delay was made following pressure from Treasury Secretary Scott Bessent, who sought more time for trade negotiations with various partners.
- This marks a continuation of a pattern where Trump has repeatedly extended self-imposed tariff deadlines, a tendency analysts refer to as "Trump Always Chickens Out."
- Despite the delay, Trump expressed dissatisfaction with the slow progress of trade talks and the limited number of countries seeking agreements.
- Trump has threatened new tariff rates ranging from 25 to 40 per cent on imports from several nations, including potential levies on the European Union, with some rates set to begin on 1 August 2025.
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