The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in Aug. 1. That furthers the uncertainty for businesses, consumers and America’s trading partners, and questions remain about … Read more
WASHINGTON — Treasury Secretary Scott Bessent said Sunday that the U.S. will revert to steep country-by-country tariff rates at the beginning of August, weeks after the tariff rate pause is set to expire. “President Trump’s going to be sending letters to some of our trading partners saying that if you don’t move things along, then … Read more
U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | Reuters Treasury Secretary Scott Bessent said Sunday that tariffs announced back in April will take … Read more