President Donald Trump declared on July 8 that he will grant no further extensions beyond Aug. 1 for countries to begin paying reciprocal tariffs, signaling a firm stance, after previously hinting at flexibility for trading partners willing to grant significant concessions or make unique proposals in trade negotiations.
“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 in a post on Truth Social. “There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025—No extensions will be granted.”
