Trump announces new tariff rates set to take effect in a week, as we reach his August 1st deadline. Then, growing backlash over Treasury Secretary Scott Bessent’s comments suggesting that Trump's child savings accounts could be a "backdoor for privatizing social security." Plus, Virginia Giuffre’s family sits down with NBC News and urges Trump not to pardon former Epstein associate and convicted sex trafficker Ghislaine Maxwell. Peter Baker, Leigh Ann Caldwell, Steve Liesman, Matthew Dowd, Rohit Chopra, Max Chafkin, and Texas State Senator Roland Gutierrez join The 11th Hour