Commerce Secretary Howard Lutnick insisted Tuesday that President Donald Trump’s upcoming Friday deadline to impose major tariffs on a slew of trading partners won’t be delayed any further.
But trade negotiations with China — the latest round of which are currently taking place in Stockholm, Sweden — are progressing on a separate timeline, Lutnick noted on CNBC’s “Squawk Box.”
“We have our own team working with China. They’re their own thing,” he said. “But for the rest of the world, we’re going to have things done by Friday.”
“August 1 is the date that we’re setting all these rates, and they are off to the races after that,” he added.
Trump’s “reciprocal” tariffs on dozens of countries’ imports are set to begin Friday. The president had first rolled out the far-reaching trade plan in early April, but he has since postponed the import taxes multiple times.
