A man walks past a screen displaying US President Donald Trump, at the Bombay Stock Exchange (BSE) ahead of Trump’s tariff plans, in Mumbai, India. [File: Francis Mascarenhas/Reuters]

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Published On 8 Jul 20258 Jul 2025

  • The UN warns that US President Donald Trump’s decision to delay implementing major tariff hikes on most trading partners may have offered some relief, but the extension is also prolonging global trade uncertainty.
  • Shortly before the three-month pause on “Liberation Day” tariffs was set to expire on Wednesday, Trump said he would give governments an extra three weeks to hammer out deals.