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Lutnick: US ‘going to love the deals that President Trump and I are doing’

UNITED STATES, JUL 21 – President Trump and Commerce Secretary Lutnick insist on no tariff deadline extensions as negotiations with key partners aim to finalize deals before Aug. 1, affecting tariffs on dozens of countries.

  • In New York, President Donald Trump said `a couple of big trade deals will be announced soon`.
  • With the deadline looming, President Donald Trump warned 25 trading partners face higher tariffs starting Aug. 1 unless deals are reached.
  • Confidence emerged when Lutnick said, `deals will be cut in the coming weeks`, as President Donald Trump announced tariffs of 20%–50% will hit dozens of countries.
  • Reacting to the threat, Maros Sefcovic warned a 30% tariff would `practically prohibit` transatlantic trade, according to the EU Trade Commissioner.
  • Later this month, President Donald Trump will meet Prime Minister Keir Starmer to refine the US–UK trade deal, Karoline Leavitt said.
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CTV News broke the news in Canada on Friday, July 18, 2025.
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