US EditionTariffs return to April rates on August 1 without deals, Bessent says
- The pause on U.S. tariffs introduced in April expired and tariffs reverted to their April 2 levels on August 1 for countries without new trade deals.
- The tariffs' reinstatement follows a 90-day suspension intended to allow trade negotiations, which extended beyond the initial July 9 deadline to August 1.
- Ongoing EU-US trade talks continue, with the EU facing potential tariffs up to 50% on goods like French cheese and German electronics without a deal.
- U.S. Treasury Secretary Scott Bessent stated the administration applies "maximum pressure," expects several big announcements soon, and denied August 1 is a new deadline.
- The tariff reinstatement warns trading partners to finalize agreements or face elevated duties, suggesting increased U.S. revenue and continued trade tensions.
137 Articles
137 Articles
Trump administration's tariffs delayed until August 1
The United States is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, US President Donald Trump says, with the higher rates scheduled to take effect on August 1.
Treasury Secretary Bessent Announces August 1 Deadline for Trade Deals - News Addicts
Treasury Secretary Scott Bessent made it clear Sunday: if countries don’t strike fair trade deals by August 1, the U.S. will restore the original Trump tariff levels from April 2. “What’s great about having President Trump on our side is he’s created maximum leverage,” Bessent told Fox News Sunday host Shannon Bream. Bessent explained that […] The post Treasury Secretary Bessent Announces August 1 Deadline for Trade Deals appeared first on News …
Tariffs will revert to April 2 rates if trade deals aren't reached by Aug. 1: Bessent
President Donald Trump and Treasury Secretary Scott Bessent both said that letters will be sent to countries the week of Monday, July 7, ahead of the end of the administration's 90-day tariff pause. Bessent, during an appearance on CNN's "State of the Union" on Sunday, July 6, said the letters to the United States' trade partners will say that " if you don't move things along, then on Aug. 1, you will boomerang back to your April 2 tariff level.…
US tariffs to kick in August 1 for countries without deals, Treasury chief says
US tariffs will take effect Aug. 1 unless trading partners, including Taiwan and the EU, reach deals with Washington, Treasury Secretary Scott Bessent said Sunday. Rates will revert to pre-negotiation…
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