Commerce Secretary Howard Lutnick expects that tariff income will reach $50 billion per month soon.
U.S. Secretary of Commerce Howard Lutnick speaks at the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University in Pittsburgh on July 15, 2025. Samira Bouaou/The Epoch Times
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The United States is likely to extend the U.S. tariff deadline for China by another 90 days, says Commerce Secretary Howard Lutnick.
The current U.S.–China tariff pause, agreed to during talks in Geneva in May, is set to expire on Aug. 12.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
