Trump's Tariff Deadline Creates Trade Uncertainty

August 1st marked a deadline set by President Trump for countries to agree to new trade deals with the U.S. or face significant tariffs. The situation is described as uncertain, with potential for a trade war. Mexico has reportedly received a 90-day reprieve, while India was facing a 25 percent tariff. The U.S. administration claimed last-minute deals with Thailand and Cambodia, though those countries expressed uncertainty. The article notes the complexity and confusion surrounding the tariff announcements, including a broad list of new rates released shortly before the deadline. The piece also offers resources for understanding tariffs, the individuals involved in shaping them, and the administration's definition of a trade deal, as well as the impact of U.S. tariffs on global markets.