Trump Enters Fraught Two-Week Run as Tax, Trade Deadlines Loom

June 25, 2025, 4:00 AM UTC

Donald Trump’s frenzied second term enters a crucial stretch in the coming weeks as the president juggles a fragile ceasefire between Israel and Iran, a discordant party that he needs to pass his top legislative priority and a global economy on tenterhooks awaiting his next move on tariffs.

Trump is up against a self-imposed July 4 target to pass his tax and spending bill, and he’s two weeks out from the July 9 expiration of the global tariff pause that concussed the economy in April when he first introduced a raft of levies.

These deadlines come amid the tentative ...

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