The new tariff deadline is August 1, Trump says.
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Welcome to The Logoff: President Donald Trump is preparing to rev up his trade war again, even as he extends a pause on some tariffs until next month.
What just happened? Trump announced new tariff rates on multiple countries Monday in a slew of form letters, citing their “unsustainable Trade Deficits” with the US. The tariffs — including on Japan, South Korea, Malaysia, and numerous others — would take effect August 1.
The White House also said that previously announced “reciprocal” tariffs, which had been set to take effect this week, would be suspended until August 1.
