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US President Donald Trump
US President Donald Trump said he would not extend the latest Aug. 1 deadline for higher US tariffs to take effect on dozens of economies, Bloomberg reported.
“Tariffs will start being paid on Aug. 1, 2025. There has been no change to this date, and there will be no change,” Trump wrote on his Truth Social platform on Tuesday.
“In other words, all money will be due and payable starting Aug. 1, 2025 — No extensions will be granted.”
This came after Trump signed off early this morning an executive order to extend the trade talks and deadline for the recently-imposed sweeping reciprocal tariffs until Aug. 1, instead of July 9.
However, addressing reporters a day later, he signaled flexibility on this date should countries submit alternative proposals.
Asked whether this was his final offer, Trump said, “I would say firm, but not 100% firm. If they call up and they say we would like to do something a different way, we are going to be open to that."
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