Lutnick says U.S.-China trade truce could be extended by 90 days
發佈日期: 2025-08-08 20:11
TVB News
The U.S. has started imposing tariffs on trading partners. U.S. Commerce Secretary Howard Lutnick said he expected revenue from the tariffs to reach 50 billion dollars a month.
Washington officials have touted a vast increase in federal revenues from collecting import taxes on dozens of trading partners.
And tougher U.S. trade penalties on transshipment are on the way, though they are not expected to immediately follow the latest country-specific tariffs.
Speaking on Fox Business Network, U.S. commerce chief Howard Lutnick mentioned U.S. President Donald Trump's threat to pile an additional 40 percent transshipment levy on any product Washington deems to be illegally rerouted through another country to avoid applicable duties.
He explained Vietnam will pay the United States 20 percent import tax for its own products, but if another country, say China, sends articles to Vietnam and has Vietnam sell them to America, that will come with a levy of 40 percent.
Recently, China and the U.S. have brought down triple-digit levies on each other after several rounds of negotiations.
The grace period for a durable tariff agreement is due to expire on August 12th.
Lutnick offered an update on the situation, saying he feels likely that they will come to an agreement and extend the trade truce deadline by another 90 days.
