Commerce Secretary Howard Lutnick said on Sunday that President Trump would not grant any further extensions to countries wishing to negotiate trade deals ahead of the Aug. 1 deadline.

“No extensions, no more grace periods. Aug. 1, the tariffs are set,” Lutnick said in an interview on “Fox News Sunday.”

“They'll go into place, customs will start collecting the money, and off we go,” Lutnick continued.

Lutnick added, however, that the president would be open to continuing to negotiate even once the tariffs are in place.

“Obviously after Aug. 1, people can still talk to President Trump,” Lutnick said. “I mean,........

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