August 1 is hard deadline Trump tariffs

Trade Secretary Howard Lutnick said on Sunday.

“This is a difficult deadline, so new tariff rates will come on August 1,” Lutnick said. He said. CBS NewsWhen the deadline for tariffs in the European Union is asked.

President Donald Trump has changed since the tariff deadline of the tariff has changed on April 2 since he announced his upright taxes on trade partners, but the White House officials argue that August 1 is a solid deadline.

“It does not prevent countries from talking to us after 1 August, but they will start paying tariffs on August 1,” Lutnick said. He said.

Lutnick said that some small countries, “Latin American countries, Caribbean countries, many countries in Africa” is 10%, he said.

Lutnick’s comments may bring relief for nations waiting for a definite decision with concern about Trump’s tariff rates, which recently claimed that the basic tariff rates for this nations may be over 10%.

The President announced last week that letters will be sent to smaller countries soon. “We’ll probably set a tariff for all of them … Probably just 10%above 10%.” He said.

Lutnick added that “larger economies will open themselves or pay a fair tariff to America,” he added.

Lutnick’s comments come after Trump sending letters to trade partners who reported new tariff rates for some nations of Trump at the beginning of this month.

Trump’s letters on Truth Social, the tariffs will come into force on August 1 and will start last -minute negotiations from trade partners looking for a lower rate.