U.S. President Donald Trump has escalated his trade war by threatening to impose higher tariffs on more than a dozen countries. This move was announced on Monday, with Trump setting a new deadline in August to reach trade agreements. However, he indicated some flexibility regarding this deadline. Market analysts, including those from UBS Asset Management, suggest that even if all proposed tariffs are implemented, the effective tariff rate would only increase by about 2%, with a base case scenario settling near 15%. UBS also views Trump's 30% tariff threat on the European Union as a negotiating tactic rather than a finalized policy, anticipating either a trade agreement or an extension of the August deadline. Trump has a history of shifting his tariff stance, a pattern that has earned him the nickname "TACO Trump." Meanwhile, major countries including Japan have already experienced increased tariff rates amid these developments.