<ul data-eligibleForWebStory="false"><li>President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, with the deadline for tariffs set for Aug. 1, giving trading partners until then to negotiate deals.</li><li>The European Union and other countries are negotiating to secure deals before the Wednesday deadline, with the EU stating progress has been made. Trump is using tariffs as a tool to pursue economic gains and challenge geopolitical rivals.</li><li>Tariff tensions have resurfaced, causing market fluctuations, including a 0.5% drop in S&P 500 futures and strength in the US dollar. Treasury Secretary Scott Bessent indicated that major trading partner agreements are expected to be announced.</li><li>While the Trump administration claims multiple trade accords are close, only limited frameworks with the UK and truce with China have been announced. Negotiations with the EU and Japan continue over the US holiday weekend.</li></ul>

Trump Sets Aug 1 Start For Tariffs Ahead Of Wednesday Deadline

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