According to Bloomberg, U.S. Commerce Secretary Howard Lutnick said that President Donald Trump’s planned country-by-country tariffs will take effect on August 1, 2025, providing a grace period ahead of the previously set July 9 negotiation deadline. https://www.bloomberg.com/news/articles/2025-07-06/lutnick-says-trump-s-tariffs-will-take-effect-on-august-1?srnd=homepage-americas