Industry News

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

Views : 108
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 >>
IBAAS 2026 special technical sessions: Driving future-ready aluminium solutions in India and beyond IBAAS 2026 special technical sessions: Driving future-ready aluminium solutions in India and beyond
Feb .15.2026
IBAAS 2026 special technical sessions: Driving future-ready aluminium solutions in India and beyond
Trimet invests in the circular economy to boost European aluminium supply security Trimet invests in the circular economy to boost European aluminium supply security
Feb .15.2026
Trimet invests in the circular economy to boost European aluminium supply security
Chinese aluminium industry adjusts production amid high prices and holiday breaks Chinese aluminium industry adjusts production amid high prices and holiday breaks
Feb .15.2026
Chinese aluminium industry adjusts production amid high prices and holiday breaks
Metal prices crash as Trump scales back steel, aluminum tariffs Metal prices crash as Trump scales back steel, aluminum tariffs
Feb .15.2026
Metal prices crash as Trump scales back steel, aluminum tariffs