The Trump administration has initiated a new phase of its trade war, imposing significant tariffs while simultaneously offering extensions and claiming successes. Tariff Implementation and Scope: As of August 1, nations without updated trade deals are subject to increased tariff rates, "of at least 15%." Executive orders have been signed imposing tariffs ranging from "15% all the way up to 41%." The list of "hardest hit" countries is "eclectic," including Syria, Myanmar, Laos, Iraq, Switzerland, and Canada. Despite strict deadlines, the administration has granted extensions. Mexico received a "90-day extension" for a trade deal, despite Trump's prior statement that "he would grant no extension... unless a signed deal was in place." All nations have been granted a universal extension until "August 7, so they have one last opportunity to hammer out ...