Treasury Secretary Scott Bessent speaks to reporters following a Senate Republican luncheon, within the U.S. Capitol in Washington on June 27, 2025. Al Drago/Getty Photographs
Treasury Secretary Scott Bessent mentioned on July 6 that the Trump administration is near securing a number of commerce offers forward of the July 9 deadline, when larger tariffs are set to kick in. For any nations with out offers, their tariffs will return to the degrees seen in early April.
Bessent instructed CNN’s “State of the Union” that President Donald Trump goes to ship letters to a number of U.S. buying and selling companions, saying, “When you don’t transfer issues alongside, then on Aug. 1, you’ll boomerang again to your April 2 tariff stage.”