US commerce secretary says tariffs to take effect on Aug. 1 Related news
Government
WASHINGTON US Commerce Secretary Howard Lutnick said Sunday that higher tariff rates would take effect on Aug. 1 if trading partners do not strike deals with Washington. "They go into effect Aug. 1, but the president is setting the rates and the deals right now," Lutnick told reporters along with President Donald Trump. In April, the US imposed reciprocal tariffs on most countries but then suspended them for 90 days starting April 9. Various tariff negotiations are ongoing as countries seek
astăzi