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WASHINGTON, July 7 (Bernama-Anadolu) — US Commerce Secretary Howard Lutnick said on Sunday that higher tariff rates would take effect on Aug 1, Anadolu Ajansi (AA) reported.
“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 better trade deals with the world’s biggest economy as the deadline nears.
“They’re going to be tariffs,” Trump said when asked by a reporter whether the tariff rates will change on July 9 or on Aug 1.
“I think we’ll have most countries done by July 9. Yeah. Either a letter or a deal,” he added.
Last week, Trump said he would send letters to various countries outlining their specific tariff rates.
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in 1000-1500 words .Organize the content with appropriate headings and subheadings (h1, h2, h3, h4, h5, h6), Retain any existing tags from
WASHINGTON, July 7 (Bernama-Anadolu) — US Commerce Secretary Howard Lutnick said on Sunday that higher tariff rates would take effect on Aug 1, Anadolu Ajansi (AA) reported.
“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 better trade deals with the world’s biggest economy as the deadline nears.
“They’re going to be tariffs,” Trump said when asked by a reporter whether the tariff rates will change on July 9 or on Aug 1.
“I think we’ll have most countries done by July 9. Yeah. Either a letter or a deal,” he added.
Last week, Trump said he would send letters to various countries outlining their specific tariff rates.
— BERNAMA-ANADOLU
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
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