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U.S. official: Baseline tariffs set for Aug. 1 as administration seeks a global trade 'reset'
Summary
An unnamed U.S. secretary told reporters that a baseline of new tariffs will take effect Aug. 1 and framed the administration's approach as a global reset of trade, while deferring negotiation specifics to trade negotiators.
An unnamed U.S. secretary told reporters that the administration's baseline tariff levels will take effect Aug. 1, and said the move is part of a global effort to "reset trade" rather than a targeted action against individual countries.
The secretary said, "the baseline will take effect the August 1, but, obviously, as the president's made clear, there are opportunities for adjustments based on, arrangements that could be made between now and then." He added that "our negotiators" are handling the specifics and that he was not the trade negotiator.
Why it matters: The administration framed…
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