President Trump is escalating trade war concerns by reaffirming the August 1st deadline for new tariffs. Despite this, Wall Street is showing limited signs of panic. Investors appear to be adopting a wait-and-see approach, possibly anticipating negotiations or a change in policy before the deadline. Several factors could be contributing to this calm, including previous instances where tariff threats didn't fully materialize and the potential economic impact on both the US and its trading partners.