Global Economy News
LAST UPDATE: August 1, 2025
Countries with no trade deal will hear from US by midnight, White House says
The White House warned that countries without U.S. trade agreements or prior tariff letters would receive new terms or notices by the end of July 31, ahead of planned tariff deadlines.
Insight
The move signals pressure tactics to close trade deals and impose tariffs up to 50%, prioritizing leverage over multilateral progress. It underscores U.S. intent to reshape trade landscapes unilaterally. (Reuters, Reuters)
