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President Donald Trump is not extending the global tariff pause. That’s the message Commerce Secretary Howard Lutnick delivered when he spoke with Fox News on Sunday, confirming that the current 90-day break from the president’s sweeping import taxes will end in early July. The tariffs, announced in April, placed new rates as high as 100% on foreign goods entering the United States. Trump temporarily froze most of them due to stock market instability, but that window is about to close. “Tariffs are not going away,” Howard said on live television, brushing off any idea that legal challenges or diplomatic pressure might cause Trump to change course. He made it clear that once the freeze ends, the administration will let the full set of tariffs take effect unless specific trade deals are finalized first. “I think that’s the deadline, and the President’s just going to determine what rates people have if they can’t get a deal done.” Meanwhile, Trump himself said in a Truth Social post today that: “If the Courts somehow rule against us on Tariffs, which is not expected, that would allow other Countries to hold our Nation hostage with their anti-American Tariffs that they would use against us. This would mean the Economic ruination of the United States of America!” Tariffs hit 60 countries after the pause ends in July When the pause expires, imports from 60 countries will be affected. These are nations the White House labeled the “worst offenders,” a group that includes Vietnam, South Africa, and the European Union. The rates they’ll face vary, but most will jump significantly unless they agree to new trade terms that meet US demands. Trump has defended this aggressive stance as fair retaliation for what he calls decades of unfair trade policies. The President’s advisers, including Howard, spent Sunday…

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Filed under: News - @ June 1, 2025 8:28 pm