Steep tariff rates are set to go back into effect after a 90-day pause on the April 2 rates that rocked the stock market.

Scott confirmed Trump will begin sending letters this week to around a dozen countries, warning them that failure to reach an agreement will bring the full

Treasury Secretary Scott Bessent said on Sunday that countries will see their respective tariff rates “boomerang back” on Aug. 1 to the higher levels announced three months ago, if they don’t strike a deal with the U.

But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.

The United States is on the verge of finalising several critical trade deals, with Treasury Secretary Scott Bessent predicting a flurry of major announcements in the coming days. The push

The United States is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs kick in, U.S. Treasury Secretary Scott Bessent