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US Department of Finance Secretary Scott Bensten spoke to reporters in the United States, while Republican legislators struggle to cross US President Donald Trump, who is spending and a tax bill on the Capitol Hill in Washington, Colombia, June 27, 202.
Elizabeth Franz Reuters
Secretary of the Ministry of Finance Scott said Sunday that Tariffs Declared as early as April will come into force on August 1 for countries that have not reached an agreement with 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 your rates level on April 2,” Bechent said at the Union of Union.
On August 1, the parties will “receive a letter stating that if we have not reached an agreement, then you will return to the level on April 2,” he said.
Bestent has rejected the idea that August 1 is another new tariff deadline, but the date of August can still give commercial partners more time to renegotiate tariff rates.
“We say this is when it happens, if you want to accelerate things, keep that if you want to go back to the old rate, which is your choice,” said Besten.
In April, Trump announced a 90-day pause of the steep rates that had revealed only days Previously, most major trading partners. This 90-day pause is due to expire on Wednesday, provoking concern among investors and the United States Trading partnersS
The White House did not immediately respond to CNBC’s request for a comment on Bestent’s remarks.
Beshent’s comments come after Trump said last week stated that the administration would send roughly Dozen letters Monday, commercial partners are notified of their tariff percentages, which are in force on August 1.
“They will start paying on August 1st. The money will start entering the United States on August 1, in almost all cases,” Trump told reporters on Friday.
Bestent suggested that new commercial deals could be announced soon.
“I would expect to see a few big messages in the next few days,” he said when he was asked if the administration was close to any deals before Wednesday.