President Trump ramped up his tariff threats on Tuesday with a post on Truth Social, saying there will be no extensions and that money will be due and payable starting Aug. 1.

"There has been no change to this date, and there will be no change," Trump wrote. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted."

Trump's renewed firmness on that deadline came after he posted a flurry of letters warning world leaders, threatening to impose tariffs similar to those he announced in April. On Monday, Trump posted 14 letters from countries, including South Africa, Malaysia, and Thailand, outlining tariffs ranging from 25% to 40%.

The moves highlighted the topsy-turvy nature of the president's trade policy, which now theoretically allows more time for negotiation. Since Trump's April pause, the US has only clinched trade deals with the UK and Vietnam thus far, as well as a framework with China.

Meanwhile, China warned Trump on Tuesday against restarting trade tensions and that it would hit back at countries that make deals with the US to exclude China from supply chains.

Last month, the US and China agreed on a trade framework to ease tensions, but many details remain vague. Investors are now waiting to see if this agreement can withstand a new round of trade brinkmanship.
Here is where things stand with various other partners:

Vietnam: The deal with Vietnam will see the country's imports face a 20% tariff — lower than the 46% Trump had threatened in April. He also said Vietnamese goods would face a higher 40% tariff "on any transshipping" — when goods shipped from Vietnam originate from another country, like China.

European Union: The EU has signaled it is willing to accept a 10% universal tariff on many of its exports but is seeking exemptions for certain sectors. The bloc is reportedly racing to clinch a deal this week.

Canada: Canada has scrapped its digital services tax that was set to affect large US technology companies. The White House said trade talks between the two countries had resumed, with a deal by mid-July in focus.
Also on Tuesday, Trump said he would be imposing 50% tariffs on copper imports to the US, matching duties on aluminum and steel. He also suggested tariffs as high as 200% on pharmaceuticals.