Donald Trump has warned the tariff deadline of August 1 won’t be prolonged, as he ready to announce a brand new wave of levies on the US’s buying and selling companions.
In a put up on his Reality Social platform, Trump wrote:
As per letters despatched to numerous nations yesterday, along with letters that will likely be despatched right this moment, tomorrow, and for the subsequent quick time period, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There was no change to this date, and there will likely be no change. In different phrases, all cash will likely be due and payable beginning AUGUST 1, 2025 — No extensions will likely be granted. Thanks in your consideration to this matter!
Trump on Monday prolonged the deadline for the tariffs to enter impact by three weeks to only after midnight on August 1, whereas additionally saying tariff charges for greater than a dozen of the US’s buying and selling companions.
As nations raced to answer Trump’s renewed threats, the EU stated it hoped to signal a short lived take care of the US this week that may hold tariffs at 10 per cent.
However Germany’s finance minister warned that the bloc stood able to impose retaliatory measures in opposition to the US if the 2 events failed to achieve a “truthful” deal.
Each Japan and South Korea indicated they’d attempt to negotiate, after they had been included in letters despatched by the US president to 14 buying and selling companions on Monday setting out the tariffs that may come into impact in August.
This week’s transfer comes after a 90-day pause on the “reciprocal tariffs” introduced by Trump on “liberation day” was set to finish on July 9.
