Trump says more tariff letters coming; tariffs to take effect August 1
Trump said on Sunday that some trade deals have already been reached12 to 15 letters may be sent on Monday to other countries warning them of upcoming higher tariff ratesCommerce Secretary Howard Lutnick confirmed the new tariffs will take effect on August 1, adding that Trump is currently finalising the specific rates and agreements.
Previously, Trump had announced a base 10% tariff in April—with some rates going as high as 50%—but delayed most of the increases until July 9. Lutnick’s update suggests an additional three-week extension.
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US' Bessent warns of tariff hike if no trade deals reached by August 1 This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about commerce secretary howard lutnick confirmed the new tariffs will take effect on august 1 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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