Donald Trump has specified on Truth who will not extend the expiry of August 1st for the entry into force of the new duties announced for about fifteen countries, after having reported a possible flexibility yesterday.
“As per letters sent yesterday to various countries, in addition to the letters that will be sent today, tomorrow and for the next short period – he wrote on Truth – the payment of the rates will begin on August 1, 2025. This date has not undergone changes and will not undergo changes. In other words, all payments will be due and payable starting from August 1, 2025. It will not be granted extensions”.
German Finance Minister Lars Klingbeil He said that the European Union is “ready to adopt countermeasures” against the US if they will not be able to reach a fair agreement with Trump. The Guardian writes it. “We want an agreement with the Americans, but I will clearly say it: the agreement must be fair – Klingbeil specified at the Bundestag -. And if we cannot reach a fair agreement with the USA, the EU must adopt countermeasures to protect our economy. The US duties threaten jobs on both the banks of the Atlantic.
China expresses a negative judgment on the new return of duties to imports between 25% and 40% announced by the American president Donald Trump against a first group of 14 commercial partners in the United States, whose effectiveness was however postponed to August 1st. “There will be no winner from the war of duties,” commented the spokesman for the Ministry of Foreign Affairs, Mao Ning.
China’s position on duties “remains coherent and clear: there are no winners in commercial or tariff wars and protectionism damages the interests of all parties,” continued Mao. While, with regard to a question about the state of interviews on the full -bodied commercial dossier between Beijing and Washington, the spokesman invited to contact “Chinese competent authorities”.
“The issue of duties will have a huge impact on our continent. Von der Leyen and Šefčovič are doing an incredible job. My message is that, at a commercial level, we are on par with the United States and nobody can tear us as Trump thinks of doing with other weakest states. For this we have to stay united,” said the group leader of the PPE al PE, Manfred Weber, At the press conference in Strasbourg. “It is important for us to contain the damage and safeguard our interests” https://gazzettadelsud.it/articoli/mondo/2025/07/08/trump-blo-porogoga-fadenza-di-gosto-sui-dazi-c070cd0-6ec7-413c-90b2-062d85ec96e/ ” A general agreement will be reached, the question of reciprocity “must be” on the table “.
In Ecofin today “we will also discuss the situation and economic perspectives, which are also blurred by the political uncertainty that surrounds us, in particular on the duties. In this regard, by the EU, we continue to negotiate, with the aim of achieving an agreement of principle as soon as possible”. The EU Commissioner was said to the economy Valdis Dombrovskis coming to the meeting in Brussels.