“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,” President Donald Trump wrote in a Truth Social post on Tuesday.

WASHINGTON: US President Donald Trump said on Tuesday that he would not extend an August 1 deadline for higher American tariffs to take effect on dozens of economies, while announcing plans for a 50 percent duty on copper imports.

President Donald Trump said he planned to implement a 50% duty on copper imports as part of a set of looming sectoral tariffs, while also indicating he could offer pharmaceutical manufacturers at least a year before applying a crippling 200% tariff on their foreign-made products.