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Tariff Deadlines Firm: Commerce Secretary Signals End to Policy Reversals
Breaking: Commerce Secretary Howard Lutnick announced Sunday that tariff deadlines will no longer be extended, with new duties set to take effect as scheduled on August 1. This marks a important shift from recent policy,where president Trump frequently altered or paused tariff implementations.
End of the “TACO Trade”
The financial markets have dubbed the previous pattern of tariff announcements followed by reversals the “TACO trade,” an acronym for “Trump always chickens out.” This unpredictability had previously contributed to a ample rise in stock markets since the spring.
lutnick, however, has asserted that this era of policy vacillation is over. “No extensions. No more grace periods. August 1, the tariffs are set.They’ll go into place,” he stated during an appearance on “fox News Sunday.”
