Industry News

Trump issues final trade deal threat with four days to price hike 'doomsday'

Views : 89
Update time : 2025-07-29 15:25:03

President Donald Trump levied a fresh threat to countries that have yet to announce trade deals with the U.S. with just four days to go before his new August 1 'doomsday' deadline.

Trump skirted over the details when questioned about highly anticipated price hikes for steel, aluminum and pharmaceuticals, with vast economic impacts at stake in each sector. 

Then he was asked about what his tariff would be for the remaining countries that haven't landed a deal.
 

'I would say it'll be somewhere in the 15 to 20 percent,' he said to reporters at his Turnberry, Scotland, golf course sitting next to British Prime Minister Keir Starmer.

'Probably one of those two numbers,' Trump added, leaving himself some flexibility.

But his latest trade agreements, with JapanIndonesia, the Philippines, and the EU, indicate that he remains firmly settled on keeping substantial tariffs in place.

Trump repeatedly cheers the billions in revenue they bring in to the U.S. Treasury.

Critics of the new policy have said these price hikes will get passed on to U.S. consumers.

Trump's renewed threat came a day after he announced a major deal with the European Union. 

Related News
Read More >>
Global nickel market expected to grow steadily Global nickel market expected to grow steadily
Jan .13.2026
Global nickel market expected to grow steadily
Global nickel market expected to grow steadily Global nickel market expected to grow steadily
Jan .13.2026
Global nickel market expected to grow steadily
LME metal trading volume hits record high in 2025 LME metal trading volume hits record high in 2025
Jan .13.2026
LME metal trading volume hits record high in 2025
LME nickel prices secure fourth weekly gain amid China’s economic data LME nickel prices secure fourth weekly gain amid China’s economic data
Jan .13.2026
LME nickel prices secure fourth weekly gain amid China’s economic data