
Trump says US nears trade deals as tariff effective date delayed
2025-07-07 10:03:21 source:Reuters
July 6, 2025
The United States is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, U.S. President Donald Trump said on Sunday, with the higher rates scheduled to take effect on August 1.
Trump and other top officials had flagged the August 1 date earlier, but it was unclear if all tariffs would increase then.
Asked to clarify, Commerce Secretary Howard Lutnick told reporters the higher tariffs would take effect on August 1, but Trump was "setting the rates and the deals right now."
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