US Treasury's Bessent warns countries face higher tariff rates after July 9 deadline
Bessent, who earlier floated the idea of negotiating extensions, told Bloomberg Television that he expects there to be "a flurry" of trade deals leading up to the July 9 deadline, after which 10% U.S. tariff rates on goods from many countries are set to snap back to Trump's April 2 announced rates of 11% to 50%.
"We have countries that are negotiating in good faith, but they should be aware that if we can't get across the line because they are being recalcitrant, then we could spring back to the April 2 levels. I hope that won't have to happen," Bessent said.
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Sky News
28 minutes ago
- Sky News
Trump warns Hamas - and claims Israel has agreed to 60-day ceasefire in Gaza
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Reuters
44 minutes ago
- Reuters
Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
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The Independent
an hour ago
- The Independent
US, Indo-Pacific partners agree to strengthen maritime, critical minerals cooperation
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