According to BlockBeats, Trump stated on Sunday that he has reached some trade agreements with trade partners and will write to other countries to inform them that tariff rates will increase. U.S. Commerce Secretary Lutnik told reporters that the higher tariffs will take effect on August 1, but Trump is 'currently formulating the rates and agreements.'
In April of this year, Trump announced a 10% basic tariff on most countries, as well as additional tariffs of up to 50%, although he later postponed the effective date of tariffs for all countries to July 9 (except for the 10% tariff). Lutnik's remarks hinted at a three-week 'stay' on tariffs. U.S. Treasury Secretary Besant had previously made similar statements, saying that countries that do not reach agreements will face tariffs starting August 1, but denied that this date is a 'new deadline.'