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Trump Officials Unveil New, Delayed Deadline for Tariffs

  • On July 7, 2025, President Trump and Commerce Secretary Howard Lutnick confirmed that new tariffs will take effect on August 1, 2025, if trade deals are not reached.
  • This announcement follows an earlier pause on reciprocal tariffs imposed on April 2, intended to allow ongoing trade negotiations with countries including the UK, China, and Vietnam.
  • Treasury Secretary Scott Bessent said the administration is close to multiple agreements and expects imminent announcements while emphasizing that tariffs remain a key leverage tool.
  • Bessent highlighted, "We're going to see a lot of deals very quickly," but declined to specify which countries are involved, noting that price adjustments have yet to fully materialize.
  • The tariff deadline and notification effort signal continuing U.S. pressure on trade partners to finalize deals before rates revert to their higher April 2 levels.
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Trump wants to inform other states in "letters" about new tariffs, even the first "deals" should already exist. As always, Trump has everything inconcrete.

·Vienna, Austria
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  • 54% of the sources are Center
54% Center
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Politico broke the news in on Sunday, July 6, 2025.
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