WASHINGTON: President Donald Trump stated on Tuesday (Jul 8) that he wouldn’t prolong an Aug 1 deadline for larger US tariffs to take impact on dozens of economies, a day after he appeared to sign flexibility on the date.
Whereas Trump imposed a sweeping 10 per cent tariff on items from nearly all buying and selling companions in April, larger charges customised to dozens of economies have been unveiled, then halted till Jul 9.
However the president this week once more delayed their reimposition, pushing it again to Aug 1.
Trump insisted that there can be no additional delay within the tariffs. “There will likely be no change,” he posted on Reality Social.
He added that levies would begin being paid on Aug 1, in step with letters now being despatched out to buying and selling companions.
“No extensions will likely be granted,” Trump stated.
On Monday evening, Trump had informed reporters at a dinner that the Aug 1 deadline was “agency, however not 100 per cent agency.”
Pressed on whether or not the letters have been his remaining supply, Trump replied: “I’d say remaining – but when they name with a unique supply, and I prefer it, then we’ll do it.”
In a push for additional commerce offers, Trump despatched letters to greater than a dozen companions on Monday, together with key US allies Japan and South Korea.
Merchandise from each international locations can be hit with 25 per cent duties, Trump wrote in near-identical letters to leaders in Tokyo and Seoul.
Indonesia, Bangladesh, Thailand, South Africa and Malaysia have been amongst different international locations going through duties starting from 25 per cent to 40 per cent.
