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Lutnick says tariffs set in place Aug 1: ‘No extensions. No more grace periods.’
- In New Delhi this past Sunday, the US administration said the August 1 deadline remains firm, rejecting any extension.
- President Donald Trump announced a 26% reciprocal tariff on April 2, and rates slated for April 9 were frozen for 90 days before moving to August 1.
- Lutnick warned there will be no more grace periods after the Aug. 1 deadline, adding, `Customs will start collecting the money, and off we go`.
- Ahead of the deadline, five partners—Britain, Vietnam, Indonesia, the Philippines and Japan—struck deals with the administration.
- Looking ahead, the administration has reached a tariff truce with China and set an Aug. 12 deadline for a broader deal, while U.S. and China begin their third round of talks in Stockholm.
53 Articles
53 Articles
The Daily Signal
America First ReportLutnick Confirms Tariffs Deadline Will Not Be Extended
Secretary of Commerce Howard Lutnick confirmed on “Fox News Sunday” that there will be no more “grace periods” come the Aug. 1 tariffs deadline. President Donald Trump‘s tariffs are set to take kick in Friday, when “customs will start collecting the money,” Lutnick said. “Obviously, after August 1st, people can still talk to President Trump. I mean, he is always willing to listen. And, between now and then, the president’s going to talk to a lot…
Lutnick says tariffs set in place Aug 1: ‘No extensions. No more grace periods.’
Commerce Secretary Howard Lutnick said on Sunday that President Trump would not grant any further extensions to countries wishing to negotiate trade deals ahead of the Aug. 1 deadline.
US to release result of probe into chip imports in two weeks
TURNBERRY, Scotland/EDINBURGH: The Trump administration will announce the results of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday (Jul 27), as President Donald Trump suggested higher tariffs were on the horizon. Lutnick told reporte
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US President Donald Trump announced that he could agree with "three or four" other countries.
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