Howard Lutnick, U.S. Secretary of Commerce speaks in the course of the Pennsylvania Vitality And Innovation Summit 2025 at Carnegie Mellon College in Pittsburgh on July 15, 2025.
David A. Grogan | CNBC
Commerce Secretary Howard Lutnick stated Sunday that Aug. 1 is the deadline for international locations to start paying tariffs to america, however stated that “nothing stops international locations from speaking to us after August 1.”
“That is a tough deadline, so on August 1, the brand new tariff charges will are available in,” Lutnick stated on CBS Information, when requested concerning the deadline for his tariffs on the European Union.
President Donald Trump’s tariff deadline has shifted since he introduced his steep levies on buying and selling companions on April 2, however White Home officers now keep that Aug. 1 is a agency deadline.
“Nothing stops international locations from speaking to us after August 1, however they will begin paying the tariffs on August 1,” Lutnick stated.
Lutnick stated that some small international locations, “the Latin American international locations, the Caribbean international locations, many international locations in Africa,” would have a baseline tariff of 10%.
Lutnick’s feedback may deliver aid for nations anxiously awaiting a definitive resolution on tariff charges from Trump, who lately advised that baseline tariff charges for these nations could possibly be over 10%.
The president introduced final week that letters to smaller international locations can be despatched out quickly. “We’ll most likely set one tariff for all of them … most likely a bit over 10%,” Trump stated.
Lutnick added that “the larger economies will both open themselves up or they will pay a good tariff to America.”
Lutnick’s feedback come after Trump earlier this month despatched letters to buying and selling companions notifying them of the brand new tariff charges, which reached as excessive as 40% for some nations.
The letters, posted on Trump’s Fact Social, stated that tariffs would take impact Aug. 1, prompting last-minute negotiations from buying and selling companions in search of a decrease price.
