Trump has repeatedly shifted his stance on tariffs since his “Liberation Day” announcement—earning him the nickname “TACO Trump.”

Despite early criticism that his approach to trade was erratic, senior officials now say the strategy is yielding stronger negotiating positions.

President Donald Trump unveiled his most sweeping volley of tariffs yet — holding up large charts from the White House Rose Garden to outline new import taxes that the U.S. would soon slap on goods from nearly every country in the world.

Trump has suggested he will impose his own tariff rates against countries that don’t make deals with his administration.

President Trump suggested Friday that some Americans may receive “rebates” from the federal government after the US Treasury took in $64 billion in tariff revenue in

Instead on Wednesday, Trump continued to threaten countries with higher tariffs in the near future by publishing open letters to the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka that set new tariff rates ranging from 20% to 30% that he said he would impose on Aug. 1.

“That’s a hard deadline, so on August 1, the new tariff rates will come in,” Commerce Secretary Howard Lutnick told CBS News on Sunday. “Nothing stops countries from talking to us after August 1, but they’re going to start paying the tariffs on August 1.”

The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.

Trump delayed the "reciprocal tariffs" in April, vowing to strike roughly 90 trade deals in 90 days. So far, the White House says it has reached trade agreements with only the United Kingdom and Vietnam, as well as a preliminary accord with China.