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Tariffs return to April rates on August 1 without deals, Bessent says

  • U.S. tariffs paused since April will resume at previous April 2 levels on August 1 if no new trade deals are reached with partners including the EU and Taiwan.
  • President Trump suspended the levies in April to allow trade talks, initially setting a July 9 deadline that was later extended to August 1 amid ongoing negotiations.
  • EU and U.S. negotiators met over the weekend aiming for agreements to avoid tariffs that could reach up to 50%, with France’s finance minister expressing hope for a deal.
  • Treasury Secretary Scott Bessent said the administration applies "maximum pressure" and expects several big announcements soon, while denying August 1 is a new deadline.
  • If partners fail to advance talks by August 1, Trump will send letters warning tariffs will revert to high April 2 rates, signaling continued tension but leaving room for last-minute deals.
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153 Articles

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Center
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wz.dewz.de
+4 Reposted by 4 other sources
Center

With tariffs against a number of countries, US President Donald Trump wants to put the US in a better position. Actually, the deadline for the launch on Wednesday would have expired. There is a new one.

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Lean Right

The US postpones the introduction of its planned new punitive duties to 1 August. As the White House announced on Monday, President Donald Tru...

·Berlin, Germany
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Lean Left

First of all, the warning is that the US will postpone the introduction of new tariffs to the beginning of August.

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  • 48% of the sources are Center
48% Center
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NBC LA broke the news in Los Angeles, United States on Sunday, July 6, 2025.
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