President Trump reaffirmed his commitment to aggressive tariffs, refusing further extensions on levies scheduled for early August. He hinted at new tariffs on copper and pharmaceuticals. This follows Monday's executive actions delaying some "reciprocal" tariffs while announcing new rates for several countries failing to reach trade deals. Trump's stance, publicized on social media and at a Cabinet meeting, contrasts with initial market indifference to his previous announcements.

Prepared by Christopher Adams and reviewed by editorial team.