Where things stand on U.S. trade deals with Trump's tariff deadline a day away
Where things stand on U.S. trade deals with Trump's tariff deadline a day away
President Trump’s self-imposed Friday deadline for countries to make trade deals or be hit with higher import tariffs is looming over the global economy. Scott Lincicome, vice president at the Cato Institute’s Center for Trade Policy Studies, joined “CBS Evening News Plus” to talk about it all.
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Truth Analysis
Analysis Summary:
The article is mostly accurate regarding the looming tariff deadlines set by President Trump. There's a slight bias due to the framing of Trump's actions, but the core information is verifiable. The article relies on an expert from the Cato Institute, which could introduce a particular viewpoint on trade policy.
Detailed Analysis:
- Claim: President Trump's self-imposed Friday deadline for countries to make trade deals or be hit with higher import tariffs is looming over the global economy.
- Verification Source #1: Confirms a deadline for trade deals to avoid tariffs, though the exact day of the week is not specified.
- Verification Source #2: Mentions Trump postponing tariff deadlines.
- Verification Source #3: Confirms a deadline for trade deals to avoid tariffs.
- Verification Source #4: Mentions an August 1st deadline set by Trump.
- Assessment: Mostly supported. While the specific Friday deadline isn't universally confirmed across all sources, the existence of deadlines for trade deals to avoid tariffs is well-supported. The deadlines appear to be fluid and subject to change.
- Claim: Scott Lincicome, vice president at the Cato Institute's Center for Trade Policy Studies, joined "CBS Evening News Plus" to talk about it all.
- Assessment: Unverified. This is a statement of fact about who appeared on the show, and there are no sources to verify this claim.
Supporting Evidence/Contradictions:
- Source 1: "This past week was supposed to mark the deadline for other countries to strike trade deals with the U.S. — or face tariffs of up to 49% on…"
- Source 4: "trade deal be reached by the Aug 1 deadline set by Trump last week."