August 1 is a difficult time tariff on Trump

Howard Lutnitsa, the secretary of the US Trade, speaks during the Pennsylvania for the Energy and Innovation Summit of 2025 at Carnegie University Mellon in Pittsburgh on July 15, 2025.

David A. Grogan | Cnbc

Secretary of Commerce Howard Lutno said on Sunday that August 1 This is a term for countries to start paying tariffs on USBut he said that “nothing prevents countries talking to us after August 1”

“This is a difficult time, so on August 1, new tariff rates will appear,” Lutnita said CBS NEWSAsked about the term for it Tariffs for the European Union.

President Donald Trump The deadline for the tariff has changed since it announced its steep levies in trading partners April 2But the White House officials are now claiming that August 1 is a solid term.

“Nothing prevents the countries from talking to us after August 1, but on August 1 they will start paying tariffs,” Lutnik said.

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Lutnik said that some small countries, “Latin American countries, Caribbean countries, many African countries,” will have a 10%basic tariff.

Lutnik comments can bring help for the peoples who have eagerly expected the final decision on Trump tariffs, which recently suggested that tariff rates for these peoples could be more than 10%.

Last week, the president announced that letters from smaller countries would be sent out in the near future. “We will probably set one tariff for everyone … Probably a little over 10%,” Trump said.

Lutnik added that “big economies will either open or they will pay a fair tariff to America.”

Comments of Lutnik came after Trump earlier this month sent letters to the trading partner Notification of new tariffs that have reached 40% for some countries.

The letters located on the Trump’s Truth Social state that the tariffs will come into force on August 1, which calls negotiations the last minute from trading partners looking for a lower rate.

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