Donald Trump tariffs: Will the August 1 deadline by extended by US President? What Commerce Secretary Lutnick said
US President Donald Trump’s reciprocal tariff deadline for August 1, 2025 will not be extended, Commerce Secretary Howard Lutnick has said. According to an AFP report, Lutnick said that the new set of tariffs will hit countries effective August 1.“So no extensions, no more grace periods. August 1, the tariffs are set. They’ll go into place. Customs will start collecting the money, and off we go,” Lutnick said during his appearance on “Fox News Sunday”, according to the AFP report.The earlier deadline of July 9 had been extended to August 1 by Trump. In the last few weeks, the US has sealed trade deals with several countries including the UK, Japan, Indonesia, Philippines. Trump has been on a tariff letter sending spree since earlier this month. He is also planning to impose tariffs of 10-15% on smaller countries.This story is being updated
