In U.S. politics, Donald Trump’s tariff deadline has changed once again, as the president says some trading partners will be notified of updated tariff rates to go into effect on August first. The new date offers countries a three-week reprieve, as Trump says the U.S. will impose an additional 10 per cent tariff on any trading partner aligning themselves with "anti-American policies". Meanwhile, Trump’s former ally Elon Musk has announced the formation of his own political party just a day after trump’s ‘big, beautiful’ tax bill passed the senate – a policy that Musk had fiercely opposed. United States Studies Centre director of research Jared Mondschein joined The World from Sydney.
Subscribe: http://ab.co/1svxLVE
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC NEWS, click here: https://ab.co/2kxYCZY
Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2
Like ABC NEWS on Facebook: http://facebook.com/abcnews.au
Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au
Follow ABC NEWS on X (Twitter): http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia #ABCTheWorld #ABCAsiaPacific
