Trump confirms August 1 deadline for countries to reach trade deals or face tariff increases

President Donald Trump and Secretary of Commerce Howard Lutnick confirmed Sunday that if countries do not strike a trade deal with the U.S. by August 1, they will revert to levels set in April.

Trump and Lutnick spoke with reporters before departing Bedminster, New Jersey on Sunday evening, when they were asked several questions regarding tariffs and trade deals.

Trump told one reporter his administration could be sending 12 to 15 letters out to different countries on Monday, though...