President Donald Trump said that he will not extend Friday’s deadline for his “reciprocal” tariffs on dozens of countries to restart.
“THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!” Trump wrote on Truth Social on Wednesday morning.
Trump quickly fired off another post announcing that the U.S. will impose a 25% tariff on goods from India, plus a “penalty” for buying military gear and energy from Russia.
Trump has previously claimed that he would not extend a deadline on his reciprocal tariffs, before going on to do just that.
In early April, Trump announced that the U.S. would impose a 10% blanket tariff rate nearly worldwide, along with higher individualized duties of up to 50% for dozens of countries.
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Author: Dillon B
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