Trump's 'Liberation Day' tariff deadline looms amid inflation concerns

With the implementation of U-S President Donald Trump's sweeping global tariffs, some countries are now scrambling to reach a deal.Few countries have managed to make secure deals with the U-S ahead of the deadline, raising concerns for the global economy.

FILE - President Donald Trump speaks to reporters in the Oval Office of the White House, May 23, 2025, in Washington. (AP Photo/Evan Vucci, File) Source: AP / Evan Vucci/AP

Key Points

• A 90-day pause on these higher tariffs was implemented but is set to expire on July 8.
• Prime Minister Anthony Albanese believes Australia’s economy will not be significantly affected by the new tariffs.
• The Philippines is awaiting the US decision on its request to lower the 17% reciprocal tariff.

LISTEN TO THE PODCAST

Malawakang taripa ng US nagdudulot ng alalahanin sa pandaigdigang kalakalan

SBS Filipino

10:31Filipino

📢 Where to Catch SBS Filipino

🔊 On Air – Tune in to SBS Filipino on radio stations across Australia and website live stream, and TV Channel 302 from 10 AM to 11 AM AEST daily.

📲 Catch up episodes and stories – Visit sbs.com.au/filipino or stream on Spotify, Apple Podcasts, Youtube Podcasts, and SBS Audio app.

📣 Follow Us on Social Media – Stay updated by following us on Facebook and Instagram.