Definitions will return to April levels in August without deals star-news.press/wp

Treasury Secretary, Scott Payette, said on Sunday that the definitions it announced in April will enter into force on August 1 to countries that did not reach an agreement with the administration of President Donald Trump.

“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 hall for a 90 -day stop on the sharp tariffs that were unveiled just a few days before most of the main commercial partners. This stopping for 90 days is scheduled to end on Wednesday, which caused anxiety between American investors and trading 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 send nearly ten messages to commercial partners on Monday to notify them of professional 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.