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Live Updates  >  Live Update Details

2025-08-01 23:41:38

[U.S. Treasury Secretary Scott Bessant: The real deadline for tariffs is September 1st] While the August 1st deadline appears to have been met, last night's announcement is far from final. In fact, the reciprocal tariffs will not take effect until August 7th, effectively buying a one-week window for negotiations with non-signatory countries. However, this buffer period may be far from sufficient—U.S. Treasury Secretary Scott Bessant has repeatedly emphasized within the administration that the real deadline is September 1st, Labor Day.

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