Trump says not extending July 9th trade deadline, doubts deal with Japan

Investing.com -- President Donald Trump said on Tuesday he is not considering an extension to the July 9 deadline for countries to negotiate trade deals with the United States.

Speaking to reporters on Air Force One while returning to Washington from Florida, Trump also expressed skepticism about reaching an agreement with Japan.

"We’ve dealt with Japan. I’m not sure we’re going to make a deal. I doubt it," Trump said.

The president suggested he might impose tariffs on Japanese imports at a rate of "30% or 35% or whatever the number is that we determine." This potential tariff rate would be higher than the 24% rate he announced on April 2, which was subsequently paused.

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