President Donald Trump is standing by his August 1 deadline for other countries to reach new trade agreements with the United States or face steep new tariffs on their exports. The administration has announced a slew of deals, including with the U.K., Japan and the European Union, even as Trump has issued new tariff threats against India, Brazil and others.
“You’ve got total, random chaos,” says policy expert Lori Wallach, director of the Rethink Trade program at the American Economic Liberties Project and host of the podcast Rethinking Trade with Lori Wallach. “What the Trump administration is doing, basically, is an abuse of the tariff tool … to threaten countries based on foreign policy whims.”
