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    Home»Earnings»US to make several trade announcements in next 48 hours, Trump treasury secretary says – live updates | Trump administration
    Earnings

    US to make several trade announcements in next 48 hours, Trump treasury secretary says – live updates | Trump administration

    onlyplanz_80y6mtBy onlyplanz_80y6mtJuly 7, 2025No Comments11 Mins Read
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    US to make several trade announcements in next 48 hours, Trump treasury secretary says – live updates | Trump administration
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    US to make a number of commerce bulletins in subsequent 48 hours, treasury secretary saysThe United States will make a number of commerce bulletins within the subsequent 48 hours, treasury secretary Scott Bessent has mentioned this morning.“We’ve had lots of people change their tune by way of negotiations. So my mailbox was full final night time with quite a lot of new provides, quite a lot of new proposals,” Bessent instructed CNBC. “So it’s going to be a busy couple of days.”It comes amid confusion over when the administration’s new tariff charges will come into impact. Donald Trump mentioned the US would begin delivering tariff letters from 12:00pm ET at this time, however they’ll apparently be delayed, going into impact on 1 August and never 9 July as beforehand anticipated.Requested if the tariffs had been coming into impact on 1 August or this week, Trump – helpfully – replied: “No, there are going to be tariffs, the tariffs, the tariffs are going to be, the tariffs. I feel we’ll have most international locations completed by July 9, yeah. Both a letter or a deal.”The letters wouldn’t essentially present an ultimatum, in line with Bessent. “It’s simply ‘thanks for eager to commerce with the US of America. We welcome you as a buying and selling accomplice, and right here’s the speed, except you need to come again and attempt to negotiate,’” he mentioned.Bessent declined to touch upon whether or not negotiations on new possession of the TikTok brief video app, which Trump additionally mentioned would begin this week, can be linked to commerce talks with China.He mentioned he would meet along with his Chinese language counterpart within the subsequent couple of weeks.“I feel there are issues for us to do collectively if the Chinese language need to do it, so we are going to talk about whether or not we’re capable of transfer past commerce into different areas,” he instructed CNBC.ShareUpdated at 08.45 EDTKey eventsShow key occasions onlyPlease activate JavaScript to make use of this featureThe White Home has made a last-minute addition to its schedule within the type of a briefing set for 1pm by press secretary Karoline Leavitt.Leavitt will subject questions from reporters in attendance, and we will solely guess at what she’ll attempt to focus their consideration on. Count on questions on Israeli prime minister Benjamin Netanyahu’s go to at this time, if federal job cuts made the catastrophe in Texas worse and what to make of Donald Trump’s newest tariff threats.ShareDonald Trump has brazenly mused about investigating the citizenship of Zohran Mamdani, the Democratic nominee for mayor of New York Metropolis. Because the Guardian’s Robert Tait studies, the risk is a part of a brand new pattern that has seen the president query the immigration standing of his detractors:Threats of retribution from Donald Trump are hardly a novelty, however even by his requirements, the US president’s warnings of wrathful vengeance in latest days have represented a dramatic escalation.Up to now week, Trump has threatened deportation, lack of US citizenship or arrest towards, respectively, the world’s richest particular person, the possible future mayor of New York and Joe Biden’s former homeland safety secretary.The top-spinning catalogue of warnings might have been aimed toward distracting from the growing unpopularity, in line with opinion surveys, of Trump’s agenda, some analysts say. However in addition they served as additional alarm bells for the state of US democracy 5 and a half months right into a presidency that has seen a relentless assault on constitutional norms, establishments and freedom of speech.On Tuesday, Trump turned his sights on none aside from Elon Musk, the tech billionaire who, earlier than a latest spectacular fallout, had been his closest ally in ramming by way of a radical agenda of upending and remaking the US authorities.However when the Tesla and SpaceX founder vowed to type a brand new celebration if Congress handed Trump’s signature “one large lovely invoice” into legislation, Trump swung into the retribution mode that’s now acquainted to his Democratic opponents.“With out subsidies, Elon would most likely have to shut up store and head again house to South Africa,” Trump posted on his Fact Social platform, menacing each the billions of {dollars} in federal subsidies acquired by Musk’s firms, and – it appeared – his US citizenship, which the entrepreneur acquired in 2002 however which Trump supporters comparable to Steve Bannon have questioned.ShareTom Homan, the official who Donald Trump has named “border czar” and put accountable for his mass deportation plans, spoke briefly to reporters on the White Home earlier at this time.He was requested what he considered feedback from Zohran Mamdani, who received the Democratic main within the New York Metropolis mayor’s race, that he wouldn’t cooperate with Homan’s efforts to arrest and deport undocumented immigrants residing within the metropolis.“Good luck on that. We’re gonna be in New York Metropolis,” Homan replied.Trump has threatened Mamdani since he emerged because the frontrunner to grow to be mayor of the nation’s largest metropolis. Right here’s extra on that:ShareDonald Trump logged on to Fact Social this morning to, randomly sufficient, submit phrases of help for Jair Bolsonaro, the previous Brazilian president who’s on trial over an alleged coup plot.“Brazil is doing a horrible factor on their remedy of former President Jair Bolsonaro. I’ve watched, as has the World, as they’ve completed nothing however come after him, day after day, night time after night time, month after month, yr after yr! He isn’t responsible of something, besides having fought for THE PEOPLE,” Trump wrote, including “LEAVE BOLSONARO ALONE!”Bolsonaro took the stand to disclaim the allegations a couple of month in the past:ShareTrial set to start over Trump administration’s ‘ideological-deportation coverage’One of many first main trials of Donald Trump’s insurance policies is about to start at this time, over his administration’s efforts to deport international college students who participate in pro-Palestinian activism. Right here’s extra on what we will anticipate from the case, from the Guardian’s Alice Speri:
    A lawsuit difficult the Trump administration’s effort to deport international college students over pro-Palestinian views goes to trial in a Massachusetts federal court docket on Monday, the place the federal government for the primary time might want to defend its extraordinary place that it will probably deport noncitizens over their political speech.
    The case was introduced by the nationwide American Affiliation of College Professors (AAUP); its Harvard, Rutgers and New York College chapters; and the Center East Research Affiliation (Mesa) following the arrest and detention of a number of noncitizen college students and students who’ve spoken out on Palestinian rights. The federal government has claimed the authority to deport noncitizens who’ve dedicated no crimes however whose presence it deems poses a risk to US international coverage.
    The case is the primary of half-dozen authorized challenges to the Trump administration’s sweeping crackdown on universities to make it to trial, with civil rights and schooling advocates asking the decide to declare the “ideological-deportation coverage” unconstitutional and illegal.
    These arrested as a part of the federal government’s promised marketing campaign towards pro-Palestinian international college students have all been launched from immigration detention, with the final of them – Mahmoud Khalil – freed on 20 June. However all of them proceed to struggle towards efforts to deport them. Different college students left the US or went into hiding to keep away from arrest.
    ShareEuropean leaders are in the meantime bracing for Donald Trump’s subsequent transfer on tariffs, which can come as quickly as at this time within the type of letters despatched to international locations letting them know the way a lot they’ll need to pay to entry the US market.Our Enterprise dwell weblog is masking that facet of the story, and you may learn it right here:ShareTrump commerce advisor hails ‘progress’ as administration set to blow ’90 offers in 90 days’ deadlineShortly after Donald Trump paused his disruptive “liberation day” tariffs final April, his high commerce adviser, Peter Navarro, went on Fox Enterprise Community to vow “90 offers in 90 days” with main buying and selling companions.It appeared a wildly unrealistic aim, contemplating such agreements can take months or years to hammer out. The 9 July deadline for these offers is nigh, and Washington has simply two new commerce offers – with the UK and Vietnam – to point out for its efforts, and different White Home officers have since downplayed the seriousness of that deadline.Navarro appeared on CNBC this morning and was requested whether or not he was dissatisfied that the barrage of offers didn’t come to be. He replied:
    I’m proud of with the progress we’ve had, as a result of each nation that we run a serious deficit with is absolutely engaged. I feel what we’re studying from the negotiations is solely … how tough it’s for these international locations to surrender the benefit they’ve over us.
    ShareWe’re additionally dwell running a blog the newest tragic information out of flood-stricken Texas, the place affirmation arrived this morning of the deaths of 27 women and counsellors at a summer season camp.You’ll be able to observe alongside right here:ShareWe anticipate to get our first glimpse of Donald Trump at 4pm ET at this time, when he indicators unspecified govt orders within the Oval Workplace, in line with the White Home schedule.Reporters received’t be invited to that one, however that might at all times change – he typically makes use of such events to carry forth to the press. After that, Trump is scheduled to greet Benjamin Netanyahu on the White Home, then have dinner with him, starting at 6:30pm.ShareUS to make a number of commerce bulletins in subsequent 48 hours, treasury secretary saysThe United States will make a number of commerce bulletins within the subsequent 48 hours, treasury secretary Scott Bessent has mentioned this morning.“We’ve had lots of people change their tune by way of negotiations. So my mailbox was full final night time with quite a lot of new provides, quite a lot of new proposals,” Bessent instructed CNBC. “So it’s going to be a busy couple of days.”It comes amid confusion over when the administration’s new tariff charges will come into impact. Donald Trump mentioned the US would begin delivering tariff letters from 12:00pm ET at this time, however they’ll apparently be delayed, going into impact on 1 August and never 9 July as beforehand anticipated.Requested if the tariffs had been coming into impact on 1 August or this week, Trump – helpfully – replied: “No, there are going to be tariffs, the tariffs, the tariffs are going to be, the tariffs. I feel we’ll have most international locations completed by July 9, yeah. Both a letter or a deal.”The letters wouldn’t essentially present an ultimatum, in line with Bessent. “It’s simply ‘thanks for eager to commerce with the US of America. We welcome you as a buying and selling accomplice, and right here’s the speed, except you need to come again and attempt to negotiate,’” he mentioned.Bessent declined to touch upon whether or not negotiations on new possession of the TikTok brief video app, which Trump additionally mentioned would begin this week, can be linked to commerce talks with China.He mentioned he would meet along with his Chinese language counterpart within the subsequent couple of weeks.“I feel there are issues for us to do collectively if the Chinese language need to do it, so we are going to talk about whether or not we’re capable of transfer past commerce into different areas,” he instructed CNBC.ShareUpdated at 08.45 EDTTrial to contemplate Trump’s ‘ideological-deportation coverage’ focusing on pro-Palestinian studentsAlice SperiAlice Speri is a journalist masking international coverage, battle and human rightsA lawsuit difficult the Trump administration’s effort to deport international college students over pro-Palestinian views goes to trial in a Massachusetts federal court docket on Monday, the place the federal government for the primary time might want to defend its extraordinary place that it will probably deport noncitizens over their political speech.The case was introduced by the nationwide American Affiliation of College Professors (AAUP); its Harvard, Rutgers and New York College chapters; and the Center East Research Affiliation (Mesa) following the arrest and detention of a number of noncitizen college students and students who’ve spoken out on Palestinian rights. The federal government has claimed the authority to deport noncitizens who’ve dedicated no crimes however whose presence it deems poses a risk to US international coverage.Mahmoud Khalil at a ‘Welcome House’ rally on the steps of the Cathedral of St. John the Divine in New York on 22 June 2025. {Photograph}: Julius Constantine Motal/EPAThe case is the primary of half-dozen authorized challenges to the Trump administration’s sweeping crackdown on universities to make it to trial, with civil rights and schooling advocates asking the decide to declare the “ideological-deportation coverage” unconstitutional and illegal.These arrested as a part of the federal government’s promised marketing campaign towards pro-Palestinian international college students have all been launched from immigration detention, with the final of them – Mahmoud Khalil – freed on 20 June.However all of them proceed to struggle towards efforts to deport them. Different college students left the US or went into hiding to keep away from arrest.You’ll be able to learn the complete story right here:ShareUpdated at 07.48 EDT

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