Trump Slams Door on Tariff Extensions
July 1, 2025 | Sundance |
There is some interesting information within the video of President Trump aboard AF-1 as he returns from Florida. However,one of the more interesting aspects comes around 05:39 when asked if he was thinking about extending the tariff pause beyond July 8, 2025.
As noted by President Trump, very firmly, no. There isno reason to extend the deadline for reciprocal tariffs beyond July 8th for any country not in direct negotiationsas of that date.
Trump intends to just send them a letter outlining the applied tariff rate and that’s it.Done is done. WATCH: https://youtu.be/YwDN7dfIWXo
This firm date is why India has extended their negotiation team in Washington DC, andis also the reason why Europe is coming Thursday. The baseline tariffs are done, everyone pays 10% regardless of a FTA or not. The reciprocal tariff rate will be applied to those without an FTA effective July 9th.
[The EU (who wants a trade deal now) is eventually going to align with Canada(who will need a trade deal later). This factors into the current trade dynamic and looms over the decision making.]
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Today’s Birthday
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Chester Burton "Chet" Atkins, Mister Guitar (1924)June 20, 2026
Atkins got his first guitar by making a trade with his brother, and it was arguably the best deal he ever made. Although he struggled with shyness and suffered from severe asthma—he had to sleep sitting up and often fell asleep still holding his guitar—he became an accomplished guitarist and went on to release several hit records, develop a signature line of guitars, and help create country music's "Nashville sound." What did "Mr. Guitar," as he came to be known, trade to get that first guitar?
Atkins got his first guitar by making a trade with his brother, and it was arguably the best deal he ever made. Although he struggled with shyness and suffered from severe asthma—he had to sleep sitting up and often fell asleep still holding his guitar—he became an accomplished guitarist and went on to release several hit records, develop a signature line of guitars, and help create country music's "Nashville sound." What did "Mr. Guitar," as he came to be known, trade to get that first guitar?Today’s Holiday
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West Virginia DayJune 20, 2026
West Virginia Day is a state holiday in West Virginia to celebrate its joining the Union in 1863 as the 35th state. The creation of the state was a result of the Civil War. The settlers of western Virginia defied the state's vote to secede from the Union, and on June 20 West Virginia formally entered the Union as an anti-slave state. The day is marked with ceremonies at the state capitol in Charleston and at the West Virginia Independence Hall in Wheeling. It was there that the conventions were held to declare West Virginia's independence from Virginia.
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Black TeaJune 20, 2026
Excluding water, tea is the most widely consumed drink on the planet, drunk either hot or cold by half the world's population. The vast majority of tea sold in the West is black tea, made from fermented leaves of the Camellia sinensis plant. Generally stronger in flavor and more caffeinated than the green and oolong varieties, black tea retains its flavor for several years and has long been an article of trade, serving as a form of currency into the 19th century in what countries?
Excluding water, tea is the most widely consumed drink on the planet, drunk either hot or cold by half the world's population. The vast majority of tea sold in the West is black tea, made from fermented leaves of the Camellia sinensis plant. Generally stronger in flavor and more caffeinated than the green and oolong varieties, black tea retains its flavor for several years and has long been an article of trade, serving as a form of currency into the 19th century in what countries?
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