Trump's Tariff Stance: Firm Yet Flexible

U.S. President Donald Trump has reinforced that the August 1 deadline for raised tariffs is definite, yet there's room for negotiation. While speaking on the matter, Trump stated, "I would say firm, but not 100% firm," indicating a willingness to discuss alternative proposals from global trade partners.

Amid escalating tensions in the international trade landscape, Trump outlined his intentions to initiate heightened tariffs as a new chapter in the trade war that began this year. This move targets countries ranging from major suppliers such as Japan and South Korea to minor market players.

The potential shift in U.S. trade policy might signify flexibility, but it underscores a broader strategy to leverage tariffs as a means of negotiating better trade terms with various countries across the globe.

(With inputs from agencies.)