Tariffs will revert to April levels in August without deals
US Treasury Secretary Scott Bessent, June 27, US President Donald Trump’s Washington, DC, USA, on June 27, 2025 Capitol Hill’deki comprehensive expenditures and tax invoice to fight the US Capitol journalists are talking to journalists.
Elizabeth Fondz | Reuters
Treasury secretary Scott Bessent said on Sunday, announced that the tariffs announced in April.
In CNN’s “Union Status”, “President Trump will send a letter to some of our trade partners, saying that you will return to your level of tariff on April 2 on August 1,” CNN will send a letter. ” He said.
On August 1, the countries said, “If we do not reach an agreement, they will receive a letter that says you’ll be back to April 2,” he said.
Bessent rejected the idea that a new tariff was last date on August 1, but it can give more time to the trade partners of August to re -negotiate tariff rates.
“We say this is when it happens, if you want to accelerate something, if you want to go back to the old rate of your choice,” he said.
In April, Trump announced a 90 -day pause in the upright tariffs that most of the major trade partners emerged only days ago. The end of the 90 -day pause on Wednesday, which is concerned about investors and US trade partners.
Bessent’s comments last week Trump said that the administration would send about a dozen letters to trade partners on Monday.
Trump told reporters on Friday, “They will start paying on August 1st. Money will begin to come to the United States on August 1, in almost every case.”
Bessent claimed that new trade agreements can be announced soon.
Im I would expect to see a few big announcements in the next few days, dedi he said, when he asked if the administration was close to any agreement before Wednesday.
