#TrumpTariffs President Trump has delayed the implementation of new tariffs until August 1, pushing back the original deadline of July 9. This three-week extension gives countries more time to negotiate trade agreements and potentially avoid higher tariffs. The move may lead to a relief rally in US equities, commodities, and cryptocurrencies. Key implications include¹ ²:

- *Trade Negotiations*: Increased pressure on countries to make progress before the new deadline.

- *Market Impact*: Potential boost to US equities, commodities, and cryptocurrencies.

- *Macroeconomic Effect*: Extends the timeframe for Fed decisions and Q3 guidance, keeping central bankers and corporates on alert.

Countries without deals by August 1 will face the full tariff schedule, with rates potentially reaching up to 70%. Treasury Secretary Scott Bessent confirmed that the president is finalizing the exact rates, while Commerce Secretary Howard Lutnick clarified that tariffs will indeed take effect on August 1.