When Trump first announced his tariff war he nominated the date to eb April 9.
After markets collapsed he shifted the date to July 9, earning him the ‘TACO’ nickname (for ‘Trump Always Chickens Out’).
The deadline has now shifted to August 1.
Trump has officially extended his tariff deadline to August 1
While many dub him TACO, there are those that defend his approach saying it’s a genius negotiating tactic. Whichever it is, our experience of Smoot-Hawley suggests tariffs are not a positive for trade.
From back in early April
This article was written by Eamonn Sheridan at www.forexlive.com.