LeadStory

CBS News

White House warns higher tariffs could roll out August 1

CBS News · New
CBS News
CBS News
New

U.S. President Donald Trump's 90-day pause on global tariffs announced in April is nearing its expiration, and the White House warned that steeper tariffs could roll out at the beginning of August.

BreakdownGenerated by LeadStory AI
  • White House warns trading partners to sign new tariff deals or face higher rates.
  • President Trump imposed a 90-day pause on global tariffs to allow for negotiations. 34s
  • Only two trade deals have been reached so far, with the UK and Vietnam. 1m 57s
  • Other countries have been given a few more weeks to finalize agreements before tariffs increase. 2m 9s
  • The administration suggests the August deadline could be flexible if negotiations are close to completion. 2m 54s
International PoliticsEconomy