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Wall Street reacts to Trump pushing back tariff deadline

CBS America · Just In
CBS America
CBS America
Just In

CBS News MoneyWatch correspondent Kelly O'Grady reports on how markets are reacting after President Trump pushed back the deadline for countries to make trade deals with the United States. Countries now have until August 1 before they'll face tariff increases.

BreakdownGenerated by LeadStory AI
  • President Trump extended the tariff deadline for trade deals to August 1. 24s
  • The Dow Jones remained down but less volatile than the previous day. 9s
  • Treasury Secretary Scott Bessen reported $100 billion in tariff revenue so far this year. 34s
  • Global markets, including Japan and South Korea, saw slight gains despite tariff concerns. 2m 3s
  • Investors are cautiously optimistic about potential trade deals or further deadline extensions. 1m 54s
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