
As President Donald Trump touts major trade deals with the European Union, Japan, Vietnam and Indonesia, a vast majority of humanity is yet to sign on with the new paradigm of global trade with the United States.
What Happened: On Sunday, U.S. Commerce Secretary Howard Lutnick warned that August 1 will be the “hard deadline” for countries that haven’t yet signed a trade deal with the U.S. to start paying the tariffs.