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US Treasury Secretary Scott Bessent, US President of the Republican MPs in Capitol, US President of the Republican MPs Donald Trump fights in Washington, USA, June 27, 2025 in Capitol Hill.
Elizabeth Frantz | Reuters
Secretary of the Treasury Scott bet Sunday said tariffs Declared in April, will enter into force on August 1 for the president who did not agree with the president Donald Trumps Management.
“If President Trump will send a letter to our trade partners, you will return to the level of tariffs on April 2, if you do not move them together,” he said. “
On August 1, the countries will receive a letter, saying, “If we have not reached an agreement, you will return to April 2,” he said.
Bessent rejected the idea that August 1 was another new tariff date, but the August date may still give the trade partners more time to reconsider the tariff rates.
“If this happens, if we say that they say what happened, this is your choice, if you want to return to the old proportion.”
In April, Trump announced a 90-day break in his steep tariffs only days before most basic trading partners. The 90-day break will end on Wednesday, investors and worries between the United States Trade partners.
The White House did not respond immediately to CNBC’s comment on Bessent’s speech.
Bessent’s comments are coming after Trump’s comments last week A few letters On Monday, trade ratios are on the partners that indicate the tariff rates reliably from August 1.
“They will start paying on August 1. On August 1, on August 1, on Journalists on Friday.
Bessent suggested that new trade deals will be announced soon.
“I would expect to see some big ads in the next few days,” he said, because he was asked whether the management was close to any transaction before Wednesday.
