According to Internet reports, U.S. Commerce Secretary Howard Lutnick said in an interview with CBS News on Sunday that August 1 is the deadline for countries to start paying tariffs to the United States, but stressed that "after August 1 countries can still continue to negotiate with the United States." Lutnik revealed that some small countries-Latin American countries, Caribbean countries and many African countries-"will apply a benchmark tariff of 10%." The statement may be a relief to these countries, after Trump had previously suggested that their benchmark tax rates might exceed 10%. But he also said that "larger economies have only two options-either open their markets to the United States or pay fair tariffs." (Jin Shi)