President Donald Trump has confirmed he will not extend the 90-day pause on sweeping global tariffs, signaling a return to aggressive trade measures starting early July. The tariffs, initially paused in April to stabilize the markets, include duties ranging from 11% to over 100% on various imports. Trump has also announced plans to double tariffs on steel imports to 50%. 

Legal challenges have emerged, with a federal court recently ruling that Trump exceeded his authority under the International Emergency Economic Powers Act. Commerce Secretary Howard Lutnick stated on Sunday that the tariffs are “not going away,” in response to the court cases. However, an appeals court has temporarily reinstated the tariffs pending further review. 

As the July deadline approaches, trade partners and markets are bracing for potential disruptions. The administration remains firm, with Commerce Secretary Howard Lutnick asserting that negotiations will continue, but the tariffs are set to resume as planned.