Trump Expands Tariff Threats, Delays Trade Deadline

President Trump has expanded tariff threats beyond Japan, South Korea, and India to at least seven countries, including the EU and BRICS members, with new tariffs on copper (50%) and pharmaceuticals (up to 200%) under consideration. The deadline for imposing higher tariffs has been postponed from July 9 to August 1, after which Trump says no further extensions will be granted. Only two trade deals, with Vietnam and the UK, have been finalized, while talks with other countries are ongoing. The U.S. has reportedly offered the EU a 10% tariff rate on most goods, with possible exemptions, as negotiations continue. Market volatility and global uncertainty have increased amid evolving tariff rates and shifting deadlines. Experts warn that the administration's aggressive approach has so far led to limited agreements and continued risks to economic stability.