President Donald Trump made clear on Tuesday that he would not be granting any extensions for the tariffs his administration is set to impose on dozens of countries on Aug. 1.
“As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025,” Trump wrote on his Truth Social platform.
“There has been no change to this date, and there will be no change,” he said. “In other words, all money will be due and payable starting AUGUST 1, 2025 – No extensions will be granted.”
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