Commerce Secretary Howard Lutnick said that countries can still negotiate with the U.S. after Aug. 1, but that is the deadline for countries to begin paying so-called reciprocal tariffs. Lutnick also suggested smaller nations would likely have a baseline tariff of 10%. “The bigger economies will either open themselves up or they’ll pay a fair tariff to America,” Lutnick said. Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC
Commerce Secretary Howard Lutnick said Sunday that Aug. 1 is the deadline for countries to begin paying tariffs to the United States, but said that “nothing stops countries from talking to us after August 1.”
“That’s a hard deadline, so on August 1, the new tariff