President Trump is scheduled to appear on Fox News this Sunday morning, and while the exact agenda remains unclear, tariffs and trade may start to take the spotlight again now that Middle East tensions have cooled—at least for the moment.
Following what the administration has labeled a “one-and-done success” in Iran, attention may now shift back to Trump’s longstanding trade grievances. The question is whether the President will now “drop a bomb” on trade, targeting the EU, Japan, China, India, and Canada—essentially everyone except the UK—for failing to make progress on bilateral deals.
With global headlines recently dominated by the conflict in the Middle East, trade developments have flown under the radar. That could change quickly. Sunday’s appearance may be the platform Trump uses to reignite tariff threats, especially as the July 9 pause window with the EU approaches. The risk is that the rhetoric escalates and markets are reminded that the trade front is far from settled.
Again, I don’t know but the July 9 deadline for the EU is approaching and although there are hints that more deals are to be coming before July 4, it is time for the deals to happen.
Also of interest of course is the Big, Beautiful Bill. That too will likely be a point of focus as the clock ticks toward his self imposed deadline for having the bill on his desk on July 4 approaches.
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