Lutnick says tariffs set in place Aug 1: 'No extensions. No more grace periods.'

Commerce Secretary Howard Lutnik said on Sunday that President Trump would not give any further expansion to countries wishing to talk on trade deals before the August 1 deadline.

“No extensions, no peacock grace periods. 1 August, Tariff Set,” Lutnik said in an interview on “Fox News Sunday”.

“They will go to place, customs will start collecting money, and we will leave,” Lutnik continued.

However, Lutynik said that the President would be open to continue the talks even once.

“Obviously after 1 August, people can still talk to President Trump,” Lutnik said. “I mean, he is always ready to listen.”

The President will continue to talk to other countries before the August 1 deadline, Lutnik said.

“Can they make him happy, another question,” said Lutnik. “But the President is definitely ready to interact and talk to big economies.”

An interview came from Trump shortly before Announced a business deal With the European Union, setting tariffs at 15 percent for European goods including automobiles.

The European Union agreed to buy energy of $ 750 billion from the US as part of the deal, Trump on Sunday announced, and invested US $ 600 billion more than current investments for other goods.

The agreement is less than 30 percent tariff trumpThreatened to impose On the European Union, which was determined to be effective on 1 August, and avoids a trade war with the US’s largest trading partner.

Trump earlier this month Posted letters Social media was sent to more than a dozen countries, which is trying to impose tariffs starting on August 1 on their imports.

A initial round of tariff Unveiled in April Was Stopped for 90 days To allow time for negotiations, and the President then pushed the tariff’s deadline back to one and a few weeks – pushed on 1 August.

Source link

Please follow and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *