The offshore yuan slipped to around 7.17 per dollar on Monday, pulling back gains from the previous session, as caution built ahead of the US tariff deadlines. Market sentiment was dampened after President Trump confirmed new tariffs will take effect on August 1, not July 9. Treasury Secretary Bessent said countries without trade deals by then will face tariff levels reverting to those set on April 2.So far, only China, the UK, and Vietnam have reached partial trade agreements with Washington. The Chinese Commerce Ministry said the US and China are working to implement the London framework, with the US lifting export restrictions and China reviewing license applications for controlled items. Attention now turns to upcoming key economic releases, such June CPI and PPI data, after consumer prices fell for the fourth month in May and producer prices saw the steepest drop in nearly two years. Investors also hope for fresh stimulus signals from China’s Politburo meeting this month.