#TrumpTariffs Key Developments & Timelines

Aug 1 Deadline: Trump has firmly stated that no extensions will be allowed on the August 1 tariff deadline—tariffs will take effect as scheduled if trade deals aren’t finalized .

Target Countries: He’s warned at least 7 countries (with more to follow) will face new tariffs if no trade pacts are reached. Letters have gone to 14 nations—including Japan, South Korea, EU members—with tariffs of 25–40%, while a 50% tariff on copper and up to 200% on pharmaceuticals were announced .