US Confirms ‘No Extension’ On Aug 1 Tariff Deadline | World News

US Trade Secretary Howard Lutnick rejected any extension of the Fox News Sunday TV program.

“There are no extensions, no more grace periods. August 1, tariffs have been established. Customs will start to collect money and go,” Lutnick says.

The authority said that the European Union (EU) should open its markets for more US exports to persuade US President Donald Trump to reduce a tariff rate of 30 percent to start on August 1st.

“The question is that they offer a good enough agreement for President Trump to throw his 30 percent tariffs he has set?” He said.

“You know they hoped that they are making an agreement, and it was up to President Trump, the leader of this negotiation table. We set the table,” he added.

The European Commission President Ursula von der leyen would meet Trump to make a trade agreement for Europe, which would see a 15 percent basic tariff in most EU goods.

US Trade Representative Jamieson Greer and Trade Secretary Lutnick flew to Scotland to meet EU trade commissioner Maros Sefcovic this weekend.

As of now, five countries have signed trade agreements with the Trump administration before the last date of the next week. These are England, Vietnam, Indonesia, Philippines and Japan.

In the meantime, as the Indian trade agreements continue to sign up at a fluffy speed – the last, the United States, the United States, has not yet seen the light of the day in the midst of hectic negotiations between the two sides.