BREAKING: President Trump says the August 1st tariff deadline will not be extended.
President Trump just confirmed the August 1 tariff deadline stands. No delays. The move hits over 100 countries, with a universal 10% tariff and higher rates for trade offenders like China (125%).
Markets reacted fast:
• S&P 500 fell 2%, Bitcoin dropped 3%, oil jumped to $118/barrel.
• $171B+ in tariff revenue expected, says Tax Foundation.
China, EU, and Canada vowed retaliation. Businesses and consumers brace for impact.
