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Home»Trending News»US tariffs to kick in Aug 1 barring commerce offers: Treasury Secretary
Trending News

US tariffs to kick in Aug 1 barring commerce offers: Treasury Secretary

DaneBy DaneJuly 7, 2025Updated:July 7, 2025No Comments2 Mins Read
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US tariffs to kick in Aug 1 barring commerce offers: Treasury Secretary
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Bessent stated the administration was “near a number of offers”.

“I’d count on to see a number of large bulletins over the following couple of days,” he stated.

However he wouldn’t say which international locations he was referring to, including: “I do not wish to allow them to off the hook.”

As his July 9 deadline approaches, Trump has repeatedly stated he plans to tell international locations of US tariff charges by sending them letters.

Aboard Air Power One on Friday, Trump stated sending notices could be a lot simpler than “sitting down and dealing 15 various things … that is what you must pay, if you wish to do enterprise (with) america.”

Bessent pushed again at CNN host Dana Bash’s assertion the administration was utilizing threats somewhat than negotiations, and denied that Trump was setting a brand new deadline with the Aug 1 date.

“It isn’t a brand new deadline. We’re saying, that is when it is occurring. If you wish to velocity issues up, have at it. If you wish to return to the outdated charge, that is your alternative,” he stated.

He stated the playbook was to use “most strain” and cited the European Union for instance, saying they’re “making excellent progress” after a sluggish begin.

EU and US negotiators are holding talks over the weekend, and France’s finance minister stated on Saturday he hoped they might strike a deal this weekend.

Different international locations had been nonetheless expressing unease, nonetheless.

Japan’s Prime Minister Shigeru Ishiba stated on Sunday he “will not simply compromise” in commerce talks with Washington.

And BRICS leaders assembly in Rio de Janeiro are anticipated to decry the tariffs on Sunday, saying they’re unlawful and threat hurting the worldwide financial system.

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