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- US Commerce Secretary Lutnick says tariffs take effect on August 1</p>
<p>July 6, 2025 at 11:40 PM</p>
<p>(Reuters) -U.S. President Donald Trump on Sunday said some trade deals had been made with trading partners and letters would go out to other countries notifying them of higher tariff rates.</p>
<p>Commerce Secretary Howard Lutnick told reporters that the higher tariffs would take effect on August 1, but Trump was "setting the rates and the deals right now."</p>
<p>Trump in April announced a 10% base tariff rate on most countries and higher additional rates ranging up to 50%, although he later delayed the effective date for all but 10% until July 9. Lutnick's comments indicate a three-week reprieve.</p>
<p>(Reporting by Andrea Shalal; Editing by Lisa Shumaker)</p>
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