Commerce Secretary Howard Lutnick says the Trump administration is sticking with its plan to raise tariffs next month on countries that do not agree to revamped trade deals with the United States.

“The next two weeks are going to be weeks for the record books,” Mr. Lutnick said Sunday on CBS’ “Face the Nation.” “The bigger economies will either open themselves up, or they’ll pay a fair tariff to America for not opening themselves up and treating America unfairly.”

President Trump has set an Aug. 1 deadline for the nation’s trading partners to carve out a new deal or face higher tariffs on their imports. He said that in general, it will amount to a 10% tariff on smaller countries and higher tariffs on the nation’s larger trading partners.

Mr. Lutnick said the billions of dollars generated by the tariffs will help pay down the national deficit and rebalance global trade, benefiting American producers and workers.

Mr. Trump backed off his plan earlier this year to raise tariffs on nations worldwide, giving them more time to discuss new trade deals.

Mr. Trump has signaled that it will not happen again.

The tariffs are expected to range from 25% to 50%. They will include high levies on key trading partners, including 35% on goods from Canada, and 30% on Mexico and the European Union.

Mr. Lutnick said that U.S. taxpayers are “going to love the deals that President Trump and I are doing.”

• Seth McLaughlin can be reached at smclaughlin@washingtontimes.com.