Trump Administration Seals Trade Deals Amid Tariff Deadline Rush

President Donald Trump is aggressively pushing to finalize trade deals ahead of his self-imposed August 1 deadline for implementing broad tariffs on multiple countries, including a 25% tariff on India for its military purchases from Russia. While Trump announced a trade framework deal with South Korea and indicated ongoing last-minute talks with India, negotiations with Canada and Mexico remain uncertain amid political tensions, particularly over Canada's recognition of Palestinian statehood. Trump has reiterated that the tariff deadline will not be extended, signaling a firm stance despite the mixed progress in talks. The U.S. economy showed strong growth in the second quarter with a 3% GDP increase, but the Federal Reserve maintained interest rates, drawing criticism from Trump who wants cuts. Meanwhile, major U.S. companies like Meta and Microsoft reported strong earnings driven by investments in artificial intelligence and cloud services. These developments reflect Trump’s broader economic and trade strategy as he leverages tariffs and deals to reshape U.S. trade relations.