Catenaa, Monday, June 30, 2025– US President Donald Trump said on Sunday that he sees no need to extend the July 9 deadline given for trading partners to make trade deals with the US.
“I don’t think I’ll need to,” he told Fox News. He added, however, “I could, no big deal.”
During a White House press conference on Friday, Trump said the July 9 deadline to raise “reciprocal” tariffs was not set.
“We can do whatever we want,” he said at the press conference. “We could extend it, we could make it shorter,” adding that his preference was to make it shorter.
Late on Sunday, Canada cancelled its digital services tax on US technology companies, such as Apple, Amazon and Alphabet, just hours before it was set to start after Trump threatened to cut off trade talks with Canada.
Trump said on Friday he was cutting off trade talks with Canada and threatened to set a new tariff rate on the country’s goods within the next week, a message he repeated on Sunday before Canada cancelled the tax.
Canada’s finance ministry said Prime Minister Mark Carney and Trump will resume negotiations to reach a deal by July 21.
Also, Treasury Secretary Scott Bessent said Friday that US tariffs on Chinese imports will start at 30%, and China’s tariffs on US imports will be 10%.
The pact marks a significant step in stabilizing trade relations between the two countries, which lapsed into feuding soon after an initial truce in May.
China has confirmed it will deliver rare earths to the US as part of the trade framework, and the US will respond by taking down its countermeasures, Commerce Secretary Howard Lutnick told Bloomberg.
Bessent on Friday said the US could complete the balance of its most important trade talks by Labor Day.
