August 1 is hard deadline Trump tariffs

Trade Secretary Howard Lootnick He said on Sunday August 1 It is the deadline for countries to start paying customs duties USBut he said, “Nothing prevents countries from speaking to us after August 1.”

Lutenik said on August 1, on August 1, the prices of the new tariff will come. CBS newsWhen asked about his deadline Definitions on the European Union.

president Donald Trump The deadline for tariff has turned since he announced his sharp company on commercial partners April 2But White House officials now confirm that August 1 is the fixed deadline.

“Nothing prevents countries from speaking to us after August 1, but they will start paying customs duties on August 1,” said Lootnick.

Lootnick said that some small countries, “Latin American countries, Caribbean countries, and many countries in Africa,” will have a 10 % basic tariff.

Lutnick’s relief comments can bring Nations awaiting a final decision regarding Trump tariff prices, which recently suggested that the basic tariff rates of these countries may exceed 10 %.

The president announced last week that messages will be sent to smaller countries soon. “We are likely to put one tariff for all of them … maybe a little more than 10 %,” Trump said.

“The largest economies will open themselves to either pay a fair tariff to America,” Lutnick added.

Lutnick’s comments come after Trump earlier this month Send messages to commercial partners Notifying them of the new tariff rates, which reached 40 % for some countries.

The messages, which were published on Trump’s reality, said that customs duties will enter into force on August 1, which prompted negotiations at the last minute of commercial partners looking for a lower rate.