Trump May Impose New Tariffs Before August 1

The White House has indicated that President Trump may issue additional tariff letters before August 1. This announcement was made by the White House Press Secretary, who spoke to reporters outside the White House. The Press Secretary noted that August 1 is the date when the United States will begin collecting the new tariffs.

The Press Secretary also mentioned that Trump, along with the Secretary of the Treasury, the Secretary of Commerce, and the United States Trade Representative, are in close communication with trading partners. This communication is aimed at reaching more trade agreements before the deadline.

The announcement comes as the United States has already extended the implementation period of the current tariff rates from July 9 to August 1. This extension was made through an executive order signed by Trump. Additionally, letters have been sent to multiple countries notifying them of the new reciprocal tariff rates, which are set to take effect on August 1.

This move has sparked reactions from various nations, with some threatening retaliatory measures if no agreement is reached by the deadline. The situation remains tense, with ongoing negotiations and diplomatic efforts to mitigate the potential impact of these tariff changes.

Trump has also hinted at the possibility of imposing tariffs on pharmaceuticals as early as the end of this month. This potential move could have significant implications for the global pharmaceutical industry and further complicate international trade relations.

The global community is closely monitoring these developments, as the outcome could have far-reaching consequences for international trade and economic stability. The situation remains fluid, with various nations scrambling to respond to the United States' actions.