President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath.

On July 8, the share prices of several Indian textile manufacturing companies rose sharply after US President Donald Trump announced that a reciprocal tariff of 35% would kick in on exports from Bangladesh to the US on August 1.

Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news

Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.

President Trump has sent letters to more than 20 trade partners, all delivering the same message: Negotiate a new trade deal by August 1 or goods will be hit with higher tariffs. CBS News's Erica Brown reports.

The 90-day deadline was due on July 9, with dozens of economies, including the EU, India and Japan, facing tariff hikes without a deal. But days before it arrived, Trump issued a delay to August 1. It was his second extension since unveiling the tariffs in April – reigniting the “TACO Theory” that has gained traction among some Wall Street traders.