Tariff gambit shifts to August. Then what?

President Donald Trump this week delayed the planned 9 July tariff hikes on US imports, notifying 22 countries that rates could rise as much as 50% on 1 August. The White House had paused these measures for 90 days to pursue trade deals, but since Trump’s so-called Liberation Day announcement on 2 April, only three agreements have been reached. ING’s Inga Fechner says the new deadline, which Trump…