Trump’s world trade reset remains to the point while the deadline goes to August 7

President Donald Trump The global resetting of commercial relations will remain under the spotlight this week while its administration is growing with new taxes on imports.

The White House said last week that the new prices, initially scheduled to take effect on August 1, will come into force Thursday in order to give us more time to managers of customs and borders to prepare to collect the homework.

Where are Trump’s prices now and the winding road that led us here

In the days preceding the deadline of August 1, Trump announced that the trade agreements with Japan, the European Union, and South Korea. Until now, 11 of the 15 best American trade partners have agreed large commercial transactions.

Donald Trump shakes the hand of the president of the European Commission Ursula von der Leyen after having concluded a trade agreement between the two savings after their meeting, in Turnberry South West Scotland on July 27, 2025

Last week, Trump increased the import prices on Canada’s goods at 35%, reporting an enlargement of the Rift with the second American trading partner.

White House press secretary Karoline Leavitt Previously, Ottawa has already distinguished during a press briefing on July 17, saying that “our neighbors in the North were quite difficult to manage” when they asked them for current trade negotiations.

The White House says that Canada has been “difficult” as the trade deadline is looming

Addressing CBS News on Sunday, Dominic Leblanc, the example of Canada on US trade relations, said Prime Minister Mark Carney is likely to talk to President Trump “during the next number of days”.

Meanwhile, the United States has struck temporary truds with China and Mexico trade The representatives continue the negotiations.

Trump announces a trade agreement with the European Union

So far this year, the United States has collected more than $ 150 billion Price incomeAccording to the Treasury data. In July, the collections exceeded $ 29 billion, the highest monthly total to date in 2025.

Trump administration officials, including the Treasury Secretary Scott Bessent, previously said that prices could generate more than $ 300 billion in revenue for the federal government.

American consumers often end up bringing the cost of prices, as American companies transmit higher prices to compensate for the economic burden.

Click here to obtain the Fox News app