As the deadline for trade deals approaches, uncertainty looms over U.S. tariffs. Treasury Secretary has warned that countries failing to establish agreements by August 1 could see tariffs revert to earlier rates, sparking concern among global partners. President Trump and his administration have shifted timelines multiple times, leading to confusion regarding tariff rates, particularly for BRICS nations. With stock futures declining ahead of the deadline and Trump expected to reveal new tariff rates, multiple nations are racing to finalize trade agreements. The White House indicated that some countries might have an extended deadline, intensifying negotiations. Meanwhile, Trump has confirmed the imminent mailing of tariff letters to several countries, potentially impacting relations and causing political and economic tremors across various sectors.