US tariffs to kick in August 1 for countries without deals, treasury chief says

US tariffs will take effect Aug. 1 unless trading partners, including Taiwan and the EU, reach deals with Washington, Treasury Secretary Scott Bessent said Sunday. Rates will revert to pre-negotiation levels set by former President Trump, he told CNN, after a July 9 deadline lapses.

Jul 7, 2025 - 04:00
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US tariffs to kick in August 1 for countries without deals, treasury chief says
US tariffs will take effect Aug. 1 unless trading partners, including Taiwan and the EU, reach deals with Washington, Treasury Secretary Scott Bessent said Sunday. Rates will revert to pre-negotiation levels set by former President Trump, he told CNN, after a July 9 deadline lapses.

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