Tariffs

Trump’s Trade Strategy Enters High Gear Ahead of Aug. 1 Tariff Deadline

‘These tariffs may be modified, upward or downward, depending on our relationship with your country,’ the president said in letters to world leaders.
Trump’s Trade Strategy Enters High Gear Ahead of Aug. 1 Tariff Deadline
Shipping containers are stacked on a container ship at the Port of Los Angeles on June 25, 2025. Mario Tama/Getty Images
Andrew Moran
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President Donald Trump’s trade agenda kicked into high gear this week ahead of the widely anticipated Aug. 1 deadline for imposing reciprocal tariffs.

Speaking to reporters at the White House on July 11, the president said that the United States’ “friends have been worse than the foes” on trade.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."