<ul data-eligibleForWebStory="false"><li>President Trump's country-by-country tariffs are set to take effect on August 1, with Commerce Secretary Howard Lutnick stating that the president is currently finalizing rates and deals.</li><li>Trump mentioned that letters with tariff increases will start going out before August 1, with some deals already made, although he did not specify countries or groups involved.</li><li>The tariffs are part of the ongoing trade negotiations, with Trump aiming to have most countries' deals finalized by July 9 to avoid the impending tariffs.</li><li>Trump and Lutnick emphasized that while the tariffs will be implemented on August 1, details regarding rates and negotiated deals are being actively determined at present.</li></ul>

Lutnick Says Trump’s Tariffs Will Take Effect On Aug. 1

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