US Edition
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.
153 Articles
153 Articles
The consequences of tariff uncertainty
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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.
The US postpones the introduction of its planned new punitive duties to 1 August. As the White House announced on Monday, President Donald Tru...
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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President Donald Trump hasn't been able to sign trade deals at the rate the White House once hoped for during a 90-day tariff pause.Joe Raedle/Getty ImagesThe White House is delaying tariffs ahead of the end of the 90-day pause deadline.Treasury Secretary Scott Bessent said the April 2 tariffs would now go into effect on August 1.The April tariff levels were scheduled to kick back in on August 9.President Donald Trump was nowhere near the pace o…
Trump Asserts Authority with New Tariff Strategies - Real News Now
The formidable President Trump is once again asserting his authority on the global stage by considering implementing higher tariff rates on a selection of foreign countries. The onset of August potentially marks a significant shift in America’s trade policy with some of its largest partners. Trump’s administration has signaled its intention to spark a positive transformation in America’s trade dynamics by entering the fresh phase of its progress…
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