President Trump's trade plans are likely to be significantly clearer by the end of this week, but an array of comments from the president and his team have underlined to markets that finality may be elusive.

While the Trump administration in the United States is prepping to send letters to Washington's trading partners, dictating new tariffs, confusion persists over when the pause on President Donald Trump's reciprocal tariffs will be lifted.

Markets may be underpricing U.S. tariff risks as global trade tensions rise and currencies react. See why investors should prepare for post-July 9 volatility.