President Trump has announced that he is “unlikely” to grant another 90-day pause on his global tariff war once the current one expires in July. He might not have to.
If no deal is reached, US tariffs go back on.
“Current concessions are the result of internal and global backlash. The tariffs were not well conceptualized. Consumers and small businesses are rejecting them en masse. So this is an adjustment by Trump,” digital economy specialist Ashraf Patel, commenting on the framework outlined by WSJ.
“There is some scope for negotiating” under the new approach, Patel, a research associate at the Pretoria, South Africa-based Institute for Global Dialogue, said. The question is whether the plan is well-developed this time.
“Geopolitics and multilateralism are fractured. The WTO is not functioning well. So there have to be bilateral deals,” the expert emphasized.
