President Donald Trump struggled to clarify when his paused tariffs would resume, as the 90-day grace period on most levies ends on July 9. When asked about the timing, Trump gave a vague response, while Commerce Secretary Howard Lutnick confirmed that new tariffs would take effect on August 1.
Trump Fumbles Tariff Timeline as Key Deadline Nears
Treasury Secretary Scott Bessent stated that about 100 letters would be sent to smaller trading partners, warning them of a return to the high April 2 tariff levels unless deals are made. Trump has already announced agreements with the UK, China, and Vietnam, and more are expected soon.
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