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Benzinga
Benzinga
Business
Snigdha Gairola

Howard Lutnick Says Trump's August 1 Tariff 'Hard Deadline' Is Final — Smaller Nations Face 10% Base Rate

Washington,,January,29,2025:,Howard,Lutnick,,Nominee,For,Secretary

On Sunday, Howard Lutnick, the Commerce Secretary, stated that August 1 is the “hard deadline” for countries to begin paying tariffs to the United States.

What Happened: Lutnick also noted that nations can still engage in discussions with the U.S. after this date.

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