US Commerce Secretary Lutnick said Aug. 1 is a “hard deadline” for countries to begin paying reciprocal tariffs and “no extensions will be granted,” media report. Smaller nations will likely have a baseline tariff of 10%, while “bigger economies will either open themselves up or they’ll pay a fair tariff to America,” he said, adding he’s confident a US-EU deal will get done. #semiconductors

Source: Dan Nystedt