Has Trump given up on tariff deadlines?
“TARIFFS WILL START BEING PAID ON AUGUST 1, 2025,” Donald Trump shared on Truth Social this morning. “There will be no change... No extensions will be granted. Thank you for your attention to this matter!” It’s a rather definitive statement from the President. But we’ve been here before. The original 90-day extension of “reciprocal tariffs” (better described as trade deficit figures with a percentage symbol attached) was also supposed to be a hard deadline. The President suggested only last week that there were no plans to push implementation back again. But here we are: a new date, a new deadline and a mixed market reaction.
