Treasury Secretary Scott Bessent Announces Tariffs to Revert to April Levels for Countries Without Deals by August 1.

Treasury Secretary Scott Bessent stated that tariffs announced in April will take effect on August 1 for countries without agreements with the US. Bessent rejected the idea that August 1 is a new tariff deadline, but the date could give trading partners more time to renegotiate tariff rates. The administration will send letters to trading partners on Monday, notifying them of their tariff rates effective August 1. Bessent expects several big trade deal announcements over the next couple of days.