Trump Confirms August 1 Tariff Deadline as Final, White House Downplays Inflation Concerns

President TRUMP has unequivocally confirmed that the August 1, 2025, tariff deadline is final, with no extensions to be granted. The announcement, made via his Truth Social account, comes amid ongoing trade negotiations with foreign governments. Earlier this week, the administration sent fresh tariff notices to nations lacking new trade agreements with Washington, followed by an executive order that briefly extended the deadline by three weeks. By Tuesday, however, Trump shut the door on further delays, despite earlier hints at flexibility.

White House economic adviser Stephen Miran attempted to assuage fears of inflation spurred by the tariffs, dismissing concerns during a CNBC appearance. His remarks contrasted with market anxieties about potential price spikes, drawing a parallel to improbable events like a "space rock" impact—a rhetorical flourish that did little to clarify the administration's economic calculus.