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Aug. 1st firm date for tariffs
Posted on 7/20/25 at 3:28 pm
Posted on 7/20/25 at 3:28 pm
quote:
“That’s a hard deadline, so on August 1, the new tariff rates will come in,” Lutnick said on CBS News, when asked about the deadline for his tariffs on the European Union.
President Donald Trump’s tariff deadline has shifted since he announced his steep levies on trading partners on April 2, but White House officials now maintain that Aug. 1 is a firm deadline.
“Nothing stops countries from talking to us after August 1, but they’re going to start paying the tariffs on August 1,” Lutnick said.
quote:CNBC
Lutnick said that some small countries, “the Latin American countries, the Caribbean countries, many countries in Africa,” would have a baseline tariff of 10%.
Lutnick’s comments could bring relief for nations anxiously awaiting a definitive decision on tariff rates from Trump, who recently suggested that baseline tariff rates for these nations could be over 10%.
3
Posted on 7/20/25 at 3:36 pm to bigjoe1
My prediction remains:
The “deals” will mostly be 10-15% tariffs, with other countries making some sort of “token” concession like opening their markets to our exports.
Honestly I just want certainty. I’d much rather a scenario where we get set-in-stone 10-15% tariffs on every major trading partner than constant changes.
10-15% tariffs would be annoying but not anything that would themselves break the economy. It would basically be a sales tax.
The “deals” will mostly be 10-15% tariffs, with other countries making some sort of “token” concession like opening their markets to our exports.
Honestly I just want certainty. I’d much rather a scenario where we get set-in-stone 10-15% tariffs on every major trading partner than constant changes.
10-15% tariffs would be annoying but not anything that would themselves break the economy. It would basically be a sales tax.
Posted on 7/20/25 at 3:37 pm to HailHailtoMichigan!
Pretty much my thoughts. Let's just get it resolved.
Posted on 7/20/25 at 3:43 pm to bigjoe1
I do think people are sleeping on the real possibility that 10-15% tariffs are not necessarily DOA next time a dem takes office.
At that point, they will be revenue sources that admins might not want to touch
At that point, they will be revenue sources that admins might not want to touch
Posted on 7/20/25 at 4:04 pm to HailHailtoMichigan!
Oh sure. Like every other tax, they're here to stay.
Posted on 7/20/25 at 4:18 pm to bigjoe1
quote:Is that firm date like the previous 3 firm dates??
Aug. 1st firm date for tariffs
Posted on 7/20/25 at 5:04 pm to HailHailtoMichigan!
The agreements made already are such bullshite. Like Indonesia agreed to buy $4.5 billion of US ag products. There’s no timeline or details and they already buy $3 billion a year. It’s just bullshite fluff to appease the masses and make it seem like Trump “won.”
Posted on 7/20/25 at 5:24 pm to TheWalrus
TACO alert. Time to buy and make money off the scared
Posted on 7/20/25 at 5:35 pm to bigjoe1
Yeah nobody believes these dates. Without any deals they either kick the can or just say 10-15% across the board
Posted on 7/20/25 at 6:34 pm to UltimaParadox
Yeah and people panick sale and allow for discounts
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