August 1, hard deadline are tariffs

Trading Secretary Howard Lutnick Sunday said August 1 The deadline for countries to start paying tariffs The United Statesbut nothing, nothing to say to us after August “

“This is a difficult time, so the new tariff rates will enter in August 1,” Lutnick said CBS NewsWhen asked about the deadline for him Tariffs in the European Union.

President Donald Trumps Tariff history has changed since the steep prison in trading partners April 2But the White House officials are now in August 1, it has been a strong time.

“Nothing stop speaking us after August 1, but will start paying tariffs on August 1,” Lutnick said.

Lutnick, some small countries will be “Latin American countries, Caribbean countries, many countries in Africa,” said 10%.

Lutnick’s comments can bring comfort to nations that have a final decision on Tariff prices, which offers to be more than 10% of the initial tariff rates for these nations.

The President declared last week that letters will be sent to small countries soon. “Probably all will set a tariff … Probably more than 10%,” Trump said.

Lutnick added that “larger economies will either open themselves or pay a fair tariff to America.”

Lutnick’s comments are coming after Trump at the beginning of this month Sent letters to trade partners Indicating new tariff rates to up to 40% for some nations.

The letters written on the trump, the tariffs will come into force on August 1, August 1, the lower rate of trade partners asked for the last minute talks.