The twists and turns in US President Donald Trump’s tariff policies have not only rattled global financial markets but have also taken investors on a roller-coaster ride.
Companies are counting the cost of the trade war that is now being estimated at more than $34 billion in lost sales and higher expenses, a Reuters analysis showed.
Adding to the uncertainty are tariff-related legal challenges and Trump’s assertion that he would hammer out bilateral deals with trade partners, even though agreements remain elusive, save a pact with Britain this month.
Here’s a timeline for key upcoming events and dates that could have a bearing on the US tariff policy:
June 11, 2025 – Trump says US deal with China is done, with Beijing to supply magnets and rare earth minerals.
A White House official said the agreement allows the US to charge a 55% tariff on imported Chinese goods, while China would charge a 10% tariff on US imports. The deal is subject to final approval from President Trump and Chinese President Xi Jinping.
June 15-17 – Trump will attend the annual summit of G7 nations in Canada. The summit will be hosted at the Rocky Mountain resort town of Kananaskis, Alberta, with tariffs expected to be a major topic of discussion.
July 8 – “Liberation Day” tariffs to take effect following the 90-day suspension period, potentially affecting imports from multiple countries.
July 9 – Deadline for US and the European Union to negotiate a deal to avert 50% tariff duty on all EU imports.
July 14 – The EU’s 90-day pause on its own retaliatory tariffs to end.
