Trump’s tariff deadline delay brings hope, confusion to trade partners, businesses
Business
WASHINGTON — President Donald Trump’s latest tariff delay provided some hope to major trade partners Japan, South Korea and the European Union that deals to ease duties could still be reached, while bewildering some smaller exporters such as South Africa and leaving companies with no clarity on the path forward.Trump’s form letters to 14 countries informing them of planned tariff rates of 25% to 40% provided what he called a final warning on his “reciprocal” tariffs, while pushing back Wednesday’s previous deadline to August 1, a date he said on Tuesday was final, declaring: “No extensions will be granted.”The move reflects Trump’s frustration with trade negotiations that are proving lengthier and more complicated than the “90 deals in 90 days” that he expected, trade experts and administration officials say.The president, who announced on Tuesday...