The EU faces potential 30% tariffs as Commerce Secretary Howard Lutnick confirmed there will be no extensions beyond the Trump administration's Aug. 1 deadline.

The South China Morning Post reported on Sunday that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday." Also on Sunday,

US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.

President Donald Trump suggested that he could send out rebate checks to U.S. citizens, directly distributing revenue raised from tariffs. When asked if he would consider tariff rebate checks, Trump said he was “thinking about that,

On his own terms, it could now be said that the aggressive approach by the US President is yielding tangible results.