From the speeches of Trump, Besant and Lutnick, we can see the follow-up process of the tariff trade negotiations: 1. Starting tonight, tariff letters will be sent to countries in succession. The letters should mainly be directed to countries that are still negotiating but have no results, or even have a fierce attitude, and require countries to accept the terms of the United States. As for the agreements already reached, preliminary agreements, and China (another negotiation route), we will not receive any letters, 2. From the statements of Besent and Lutnik, it can be seen that for countries that have not reached an agreement or have a strong stance, the tariff rate on August 1st will return to the level of April 2nd, which is 10% for the basic tax rate+additional tax rate on billboards+tariffs on some industries. 3. Is August 1st the new deadline? Although Besent denies it, in essence, as long as the countries receiving the letter actively communicate and negotiate in the next month, propose more favorable terms or make some concessions to the US, there is a high possibility of reaching an agreement before August 1st. At that time, canceling the letter threat will also go with the flow. TACO, do it again. 😅