US drops tariff ultimatum ahead of August 1 deadline: ‘No extensions, no more grace periods’
US Commerce Secretary Howard Lutnick on Sunday reaffirmed that the Trump administration’s August 1 deadline for imposing new tariffs on key trading partners, including the European Union, is non-negotiable, warning that customs officials will begin collecting duties from that date. “So no extensions, no more grace periods. August 1, the tariffs are set. They’ll go…