Commerse Sec. Lutnick: US likely to extend China deadline by 90 days ...Middle East

Commerce Sec. Lutnick is saying;

Expects the China deadline to be extended another 90 days (the initial deal was set to expire on August 12)Reiterates that Trump will not charge tech companies a tariff on semiconductors if they are manufactured in the US.The US expects 50 billion a month in tariff revenue. (earlier Lutnick had said that the US revenues from tariffs would be $700 billion.So he is revising down his number to $600 billion) This article was written by Greg Michalowski at investinglive.com.

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