Tariffs could surge on July 9 with 90-day pause set to end. Here's what experts think could happen.
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A 90-day freeze on sweeping U.S. tariffs is set to expire on July 9, sowing economic uncertainty as the Trump administration works to revamp the terms of global trade.
The stakes for millions of U.S. consumers and businesses are high. Economists warn that the barrage of import duties announced on April 2, which President Trump called "Liberation Day," could trigger another bout of inflation, put smaller companies out of businesses and dent financial markets.
As next week's deadline approaches, the Trump administration has touted new trade agreements with countries including China, the U.K. and Vietnam, while the status of other pacts remains under wraps. Mr. Trump told reporters on Tuesday that he does not plan to extend the July 9 deadline, leaving little time to clinch bilateral deals with dozens of other countries.
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