US EditionTariffs 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.
145 Articles
145 Articles
The US postpones the introduction of its planned new punitive duties to 1 August. As the White House announced on Monday, President Donald Tru...
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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President Donald Trump hasn't been able to sign trade deals at the rate the White House once hoped for during a 90-day tariff pause.Joe Raedle/Getty ImagesThe White House is delaying tariffs ahead of the end of the 90-day pause deadline.Treasury Secretary Scott Bessent said the April 2 tariffs would now go into effect on August 1.The April tariff levels were scheduled to kick back in on August 9.President Donald Trump was nowhere near the pace o…
Trump Asserts Authority with New Tariff Strategies - Real News Now
The formidable President Trump is once again asserting his authority on the global stage by considering implementing higher tariff rates on a selection of foreign countries. The onset of August potentially marks a significant shift in America’s trade policy with some of its largest partners. Trump’s administration has signaled its intention to spark a positive transformation in America’s trade dynamics by entering the fresh phase of its progress…
Trump officials reveal another new tariff deadline
(The Hill) -- President Donald Trump is set to send out the first batch of letters on Monday to other nations informing them of new tariff rates, but those tariffs won’t go into effect until Aug. 1, White House officials said. Trump has in recent days teased that his administration will begin informing countries of the tariff rate they will pay to do business in the United States, essentially punting on efforts to broker trade deals with dozens …
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