In a Fox News interview Sunday July 27th, Secretary of Commerce Howard Lutnick stated that there will be no more tariff extensions and no more grace periods.

Unless a new trade deal is negotiated with any affected country, all reciprocal tariffs will be reset, effective August 1st, back to the specific rates that were announced April 5th and April 9th.

Please refer to the below links.

CSMS # 64680374 – GUIDANCE – Reciprocal Tariffs, April 5 and April 9, 2025, Effective Dates

CSMS # 64687696 – UPDATED GUIDANCE – Reciprocal Tariffs on Goods of China, April 9, 2025, Effective Date

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