Wednesday, July 9, is supposed to be the day tariffs are reimposed after a 90-day pause. Trading partners have started getting letters from the White House — including Japan and South Korea, where a new 25% tariff on goods from those countries will begin next month. But as has happened time and again during this tariff back and forth, Wednesday is no longer necessarily the date to get a definitive understanding of how tariffs will shake out. Trump officials are signaling that August 1st is, possibly, the new deadline.
One might think, ‘Well, that’s a relief. At least there’s more room for negotiation.’ But for business owners, the uncertainty is starting to have a real impact.
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