Treasury Secretary Scott Bessent said Sunday that counties that do not make deals with the United States by August will see their tariff rates set back to the rates from the April 2 “Liberation Day.” The Trump administration had set a temporary 90-day freeze to cap most tariffs at 10% a week after announcing them

Countries that don't make trade deals with the U.S. by August 1 can expect tariff rates to return to the levels announced in April, Treasury Secretary Scott Bessent said Sunday. Why it matters: It's effectively a new deadline for the biggest U.

Treasury Secretary Scott Bessent said Sunday that the U.S. will revert to steep country-by-country tariff rates at the beginning of August