One day after saying that the date for imposing reciprocal tariffs was not"100% set", Donald Trump announced that it is, after all, set and that he does not intend to change it: August 1st. Through his social network, Truth Social, the US President stated that he will not extend the date set for countries to start paying the so-called reciprocal tariffs.
"Tariffs will start to be paid on August 1, 2025. There has been no change to this date, and there will be no change," he wrote on Tuesday."In other words, all money will be due and payable on August 1, 2025 - no extensions will be granted." The White House began notifying countries on Monday, through letters it also posted on social media, of the new tariffs their goods will be subject to when they enter the United States, even before the July 9 deadline for countries to complete trade negotiations with the Trump administration.
The letters came with an executive order that delayed the tariffs' effective date by three weeks, giving trading partners more time to hold talks. The clarification comes after Trump told reporters on Monday that the August 1 deadline was not"100 percent set."
So far, the US has only managed to reach an agreement with the UK, China and Vietnam.
Hours later, the US President said he was just days away from sending the European Union a letter with the tariff to be charged from August. During an Executive meeting on Tuesday, Trump reportedly said he was “about two days away from sending a letter”, but added that the White House is still in negotiations with the bloc. However, the Republican once again showed his discontent with European policies towards US technology companies.
On the same occasion, Trump threatened tariffs of 50% on copper and 200% on pharmaceutical products imported into the US. When asked about his view of the negotiations so far, the President said:"a letter is an agreement."
Treasury Secretary Scott Bessent said the US has already received $100 billion in tariffs, a figure that could rise to $300 billion by the end of the year. "The 'big money' will start coming in on August 1," he added.
