Definitions will return to April levels in August without deals

Treasury Secretary Scott bet He said on Sunday Definitions It will be announced in April 1 on August for countries that did not reach an agreement with the president Donald Trump administration.

“On August 1, it will return to the level of tariffs on April 2.”

On August 1, the two countries will get a message saying that if we do not reach an agreement, it will return to the level of April 2. “

BESSENT rejected the idea that August 1 is the new deadline for tariffs, but the date of August still gives commercial partners more time to re -negotiate the tariff rates.

“We say this when it happens, if you want to speed up things, be sure, if you want to return to the old rate that is your choice,” said Pesint.

In April, Trump announced a temporary stop of 90 days on the sharp tariffs he had Only days unveiled Most of the major commercial partners. This pause is scheduled for 90 days on Wednesday, which raises concern between investors and the United States Commercial partners.

The White House did not immediately respond to CNBC’s request to comment on Bessent’s comments.

Bessent’s comments come after Trump said last week that the administration will be sent almost Dozens of letters To the commercial partners on Monday to notify them of the vocational tariff rates from August 1.

“They will start paying on August 1. money will start to come to the United States on August 1, in all cases,” Trump told reporters on Friday.

Bessent suggested that new trade deals can be announced soon.

“I expect to see many big ads during the next two days,” he said when asked whether the administration was close to any deals before Wednesday.