No more extensions — that’s Trump’s latest ultimatum on tariffs. 

With just weeks to go until August 1, countries that haven’t made a deal face steep penalties.

But the extension, paired with Trump signaling that he was still negotiating additional deals, has fueled speculation among some in Washington and on Wall Street that the president would not follow through on his latest tariff threats.

Is this tough talk real power or political posturing? Will Trump stand firm or change course again? And how are nations reacting to this high-stakes deadline?

On The Big Story, Hongbin Jeong speaks to Kevin Chen, Associate Research Fellow with the US Programme at the S. Rajaratnam School of International Studies, for a deeper analysis.