The Trump administration's self-imposed deadline for countries to agree to trade deals with the United States has passed, with new tariffs set to go into effect on Aug. 7. The administration's goal of striking 90 trade deals in 90 days was never realistic, as trade deals are complex and time-consuming. The administration's approach to trade deals differs from traditional agreements, focusing on punishing countries with tariffs based on trade imbalances. The trade war is leading to higher prices for American consumers, with estimates suggesting tariffs could cost the average household $2,400. The ongoing escalation of tariffs and price increases indicate that the trade war's impact on consumers is likely to worsen.