‘The United States is heading towards collection income $ 50 billion in duties In the month, as the highest taxes on imports from dozens of countries are implemented, “US Secretary of Commerce, Howard Lutnik said today (7.8.2025).
“And then you will have the semiconductors, the pharmaceuticals, you will have any additional duties to enter duties,” Lutnik said during an interview with the Fox Business Network. Asked if the August 12th deadline to conclude a tariff agreement with China could be re -extended, the US Secretary of Commerce replied that it would be possible.
“I think we will leave this to the trade team and the president to make these decisions, but I feel that they will reach an agreement and that they will extend this for an additional 90 days, but I will leave it to the team.”