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Tariffs return to April rates on August 1 without deals, Bessent says

  • The United States will reinstate tariffs at April 2 rates on August 1 for countries without trade agreements, Treasury Secretary Scott Bessent said.
  • This follows a 90-day tariff pause initiated in April to allow trade talks, with the deadline extended from July 9 to August 1 amid ongoing negotiations.
  • EU-US negotiators continued talks over the weekend, with the EU making progress but other countries like Japan remaining resistant, raising concerns over tariff impacts.
  • Bessent stated the administration applies 'maximum pressure' and expects several deal announcements soon, while President Trump plans to send letters warning of tariff reversion.
  • The tariffs could reach up to 50%, affecting key sectors, and the August 1 deadline signals intensified pressure for swift agreements or higher import taxes.
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Lean Right

The US postpones the introduction of its planned new punitive duties to 1 August. As the White House announced on Monday, President Donald Tru...

·Berlin, Germany
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Lean Left

First of all, the warning is that the US will postpone the introduction of new tariffs to the beginning of August.

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  • 46% of the sources are Center
46% Center
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NBC LA broke the news in Los Angeles, United States on Sunday, July 6, 2025.
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