US EditionUS Treasury's Bessent Warns Countries Face Higher Tariff Rates After July 9 Deadline
- The 90-day suspension of reciprocal tariffs on most countries, announced by President Trump on April 2, is set to expire on July 9, 2025.
- The tariff pause began on April 9, excluding China, and followed Trump’s declaration of reciprocal tariffs ranging from 10% to 50% on most nations.
- Treasury Secretary Scott Bessent said countries have made unprecedented offers to lower tariff and non-tariff barriers, but the final decision to extend the deadline rests with President Trump.
- Trump said on Friday at a White House press conference, "We can do whatever we want," and pledged to send letters to countries without finalized trade deals soon.
- Higher tariffs against the European Union will resume on July 9, while U.S.-Canada trade talks have restarted aiming for a deal by July 21 amid ongoing trade uncertainties.
15 Articles
15 Articles
US trade deadlines loom as business leaders await final tariff rates
Key deadlines for U.S. trade deals are looming.The White House's 90-day pause on so-called reciprocal tariffs on dozens of countries ends on July 8. On July 9, higher tariffs against European Union trading partners are set to snap back into place.But President Donald Trump said those deadlines weren't set in stone."We can do whatever we want," he said Friday. "We could extend it. We could make it shorter."In an interview with Fox Business, Treas…
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US Treasury's Bessent warns countries face higher tariff rates after July 9 deadline
WASHINGTON :U.S. Treasury Secretary Scott Bessent said warned on Monday that countries could still face sharply higher tariffs on July 9 even if they are negotiating in good faith, adding that any potential extensions will be up to President Donald Trump.Bessent, who earlier floated the idea of negotiating ex
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