Trump mulls 35% tariffs on Japan, may not extend July 9 tariff deadline

Source Fxstreet

US President Donald Trump hit the newswires hot and fast on Tuesday, mulling over the possibility of adding additional tariffs on Japan and not extending the self-imposed July 9 deadline on the currently-suspended reciprocal tariffs.

Key highlights

Trump: Not thinking about extending July 9 deadline.

Doubt there will be a deal with Japan.

Japan could pay 30% or 35% tariff.

Possibly will have a deal with India.

Have two or three top choices for Federal Reserve (Fed) Chair.

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