Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
US Treasury Minister Scott Haved speaks to journalists in the US Capitol when Republican lawmakers are fighting to transfer extensive President Donald Trump’s expenses and tax accounts to the Capitol Hill in Washington, USA, US, June 27, 2025.
Elizabeth Franz | Reuters
Minister of Finance Scott Bet said on Sunday that tariffs Announced back in April, will come into force on August 1 for countries that have not reached an agreement with the president Donald Trump Administration.
“President Trump will send letters to some of our trading partners, saying that if you do not move things, then on August 1 you will return to the level of tariffs on April 2,” the CNN state said.
On August 1, the countries “will receive a letter stating that if we did not reach the agreement, you will return to the level of April 2,” he said.
The Bessent rejected the idea that on August 1 is another new tariff term, but the August date can still give trading partners more time to negotiate tariffs.
“We say it happens when it happens when you want to speed up things, you have it if you want to go back to your old rate, it’s your choice,” said the infant.
In April, Trump announced a 90-day pause on steep tariffs he had open all days to most major trading partners. This 90-day pause should end on Wednesday, causing concern among investors and us Trading partners.
The White House did not immediately respond to CNBC’s request for commentary on the insignifications.
Comments of the Sende came after Trump last week A dozen letters Monday’s trading partner, reporting on their tariff rates operating on August 1.
“They will start paying on August 1. The money will start in the US on August 1, in almost all cases,” Trump told reporters on Friday.
The infant suggested that new trade deals could be announced soon.
“I would like to count on a few big ads over the next few days,” he said when asked if the administration would be close to any transactions by Wednesday.
