Washington, July 8 -- US President Donald Trump announced on the social media platform Truth Social that tariffs will come into effect on August 1, 2025, and must be paid without any extensions.

He stated, "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!"

https://truthsocial.com/@realDonaldTrump/114818149310161097

Clarifying the intent behind these measures, US President D...