---
title: "Trump on tariffs: August 1 deadline is firm but he is open to other ideas"
description: "U.S. President Donald Trump confirmed that the August 1 deadline for new tariffs is firm, but he is open to alternative proposals from trade partners. He indicated a willingness to consider extensions"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/247548001.md"
published_at: "2025-07-07T23:45:13.000Z"
---

# Trump on tariffs: August 1 deadline is firm but he is open to other ideas

> U.S. President Donald Trump confirmed that the August 1 deadline for new tariffs is firm, but he is open to alternative proposals from trade partners. He indicated a willingness to consider extensions if countries suggest different approaches. This announcement marks a significant escalation in the ongoing trade war, affecting both major suppliers like Japan and South Korea and smaller nations.

WASHINGTON, July 7 (Reuters) - U.S. President Donald Trump said the August 1 effective date for U.S. tariffs was firm, but that he was open to extensions if countries made proposals.

Asked if the deadline was firm, Trump said: “I would say firm, but not 100% firm. If they call up and they say we’d like to do something a different way, we’re going to be open to that.”

Trump on Monday began telling trade partners - from powerhouse suppliers like Japan and South Korea to minor players - that sharply higher U.S. tariffs would start August 1, marking a new phase in the trade war he launched earlier this year.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.