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🇺🇸 US Treasury Secretary Scott Bessent warned that in the absence of an agreement with the United States in the coming days, the customs duties — which could reach 50% — announced in early April and then suspended while negotiations were pending would come into force on August 1.
*BESSENT SAYS TRUMP WILL SEND LETTERS TO TRADING PARTNERS NOTIFYING THEM IF NO DEAL REACHED, THEY WILL REVERT TO APRIL 2 TARIFF LEVELS *BESSENT: THOSE TARIFFS WILL TAKE EFFECT ON AUG. 1
US President Donald Trump will notify trading partners by letter that if no deal is reached, tariffs will revert to April 2 levels, US Treasury’s Scott Bessent tells CNN.
'President Trump's going to be sending letters to some of our trading partners saying that if you don't move things along, then on August 1 you will boomerang back to your April 2 tariff level,' says US Treasury Secretary Scott Bessent
🇺🇸 Bessent: “Tariffs to return to April level with no deal by August 1” 👀
Tariffs Will Reset on Aug. 1 Without Deal, Bessent Says
BREAKING: 🇺🇸 PRESIDENT TRUMP HAS POSTPONED TARIFFS DEADLINE FROM JULY 9TH TO AUGUST 1ST. PUMP THE MARKETS 🚀
'President Trump's going to be sending letters to some of our trading partners saying that if you don't move things along, then on August 1 you will boomerang back to your April 2 tariff level,' says US Treasury Secretary Scott Bessent
