6 hours agoAmerican Treasury Secretary: Without agreement, tariffs by 50% will be implemented from 1 August.
Periskopi(a year ago)
(a year ago)US Treasury Secretary Scott Bessant said on Sunday that if there are no agreements with other countries in the coming days, tariffs of up to 50% announced in April by Donald Trump and postponed to make time for negotiations will take effect on August 1st. July 9th deadline [...]
The July 9th deadline for setting these punitive tariffs was in force until Friday, when Donald Trump clarified that countries would start paying off on August 1st.
Asked what would happen Wednesday, Scott Besant told CNN: “We will be very busy over the next 72 hours. ”
President Trump will send letters to some of our business partners, saying that if things don't advance, then on August 1st, they will return to the April 2nd” tariffs, the US Treasury Secretary explained.
“So I think you'll see a lot of deals very quickly”, he said, predicting that “will have many important announcements in the coming days despite high resistance”.
Citing the European Union as an example, Besant added that the US <x0-stratege is to exercise maximum pressure”.
The European Union was too slow to sit at the negotiating table. Up until three weeks ago, on Friday morning, President Trump threatened with 50% tariffs. In the coming hours, five European leaders phoned him and Ursula von der Leyeen also called. The EU is making very good progress”, he said.
According to Scott Besant, about a hundred letters will be sent to small countries “which we have a lot of trade”, but the administration is “focused on 18 big relations that make up 95% of our trade deficit”. /Periscope/
