Trump’s Aug. 1 tariffs will pressure trade partners: Bessent
US Treasury Secretary Scott Bessent during a Bloomberg television interview in New York, USA on Friday, May 23, 2025.
Bloomberg | Bloomberg | Getty Images
Treasury Secretary Scott Bessent said on Monday that the implementation of high tariff rates from August 1 will “apply more pressure to make better agreements to these countries”.
Bessent’s words, President Donald Trump has seen the big tariffs planned for the best trading partners postponed until August 1, but he sees as a very final delivery date to ink agreements, but he sees the affected countries as another negotiating tactic to accept the favorable conditions for the United States.
Bess We’ll see what the president wants to do, Bes Bessent said, when he asked whether he could be extended for productive negotiations, an idea that was approved by the administrative officials in the last months of the next month.
“But still, if we go back to Boomerang somehow … I think a higher tariff level will put more pressure on these countries to make better agreements.” He said.
Investors and importers, Trump’s tariffs next month to enter into force and Trump on the other hand will postpone them again.
Ortak decisions, some 40 %– may be crippled The economies of both US economy and trade partners.
Bessent’s words come the best Trump management officials insisted on being a “difficult deadline” on August 1st.
Trade Secretary Howard Lotnick said in a statement on Sunday, for example, “Nothing prevents countries from talking to us after August 1, but they will start paying tariffs on August 1,” he said.
Bessent also “Trade partners were told that the rates could return to April 2 levels.”
He continued: “Then we can continue to talk, but we are still moving rapidly with negotiations, but we will not rush for the sake of making an agreement.”
Trump’s tariff deadline has changed several times since the doubt that the April 2 announcement imposes upright tax on trade partners, whether the date of August 1 will be valid or whether it was seen as another tool to receive trade partners on the negotiation table in the management.
Besten said that the August 1 tariffs, which were once imposed as another means of negotiation, were more concerned with the management of “high -quality” trade agreements “rather than making agreements until August 1st.
“The important thing here is the quality of the agreements, not the timing of agreements, Bess Bessent said.
