Postponement or TACO in Play?
Treasury Secretary Bessent stated that August 1 is the “definitive date” for implementation and that July 9 should not be considered a sign of weakness.
Trump is still sending “correspondence,” but the details are unclear.
These maneuvers are described by analysts as “TACO-style”: high-profile statements followed by a grinding strategy.
Markets are cautious. The focus is on whether the tariff weapon will be taken off the table.
While this delay buys time on paper, Trump's strategy is to seek bargaining power beneath the surface. Institutional investors and traders are cautious but should be prepared for potential volatility.