Trump's tariff deadline arrives after 90-day reprieve, adding uncertainty to markets and supply chains.

The world economy faces clarity as Trump’s tariff deadline looms. The 90-day reprieve ends, ushering in protectionism to narrow trade deficits. Trump’s tariffs aim to boost US manufacturing and fill Treasury coffers. Negotiators scramble for trade pacts before the July 9 deadline. Trump’s trade overhaul fuels uncertainty for markets and supply chains.

Bloomberg Economics estimates average US import duties could rise to 20% from 3% pre-Trump. The US economy remains steady, but the Fed watches tariffs closely. Trump’s trade policy overhaul adds risks to the US outlook. Elsewhere, central bank decisions in Australia, New Zealand, and China’s inflation data will shape the region’s trajectory.

In the US, a lighter calendar post-June jobs report eases Fed rate-cut pressure. Treasury Secretary Mnuchin speaks on trade. Canada’s June figures may show labor market weakness due to tariffs. In Asia, central bank decisions in Australia, New Zealand, and Malaysia are key. China’s inflation data and Vietnam’s growth will provide insights.

In Europe, UK GDP for May is forecasted to rise after April’s drop. Eurozone manufacturing data post-Trump tariffs will be monitored. In the Nordics, inflation figures and house prices will be released. Russian policymakers watch inflation for possible rate cuts. Middle East, Africa, and Latin America face monetary meetings and inflation data releases.

Read more at Yahoo Finance: Trump’s Tariff Date Arrives After a 90-Day Rollercoaster