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President Trump said the United States would send out letters telling other countries "what they have to pay," even as other officials said negotiations could be extended past a July deadline.
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Nike shares soar on its production shift away from China, but warns of a $1 billion tariff hit AP NewsNike stock surges as company forecasts smaller sales, profit drops while tariff costs near $1 billion Yahoo FinanceNike says tariffs will cost it $1 billion before price increases, supply chain shifts CNBCNike expects Trump tariffs to cost it $1bn The Guardian
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Trump terminates trade talks with Canada NBC NewsTrump ends all U.S. trade talks with Canada over digital services tax CNBCTrump says U.S. will cease trade negotiations with Canada AxiosTrump ends trade talks with Canada, threatens higher tariffs The Hill
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Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump's tariffs.
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