Donald Trump tariff deadline: New US tariffs to take effect from August 1 if no deals struck, says Treasury Secretary Scott Bessent

The United States is poised to reinstate tariffs on imports from key trading partners, including Taiwan and the European Union, starting August 1 if bilateral trade deals are not finalized by July 9. Treasury Secretary Scott Bessent reaffirmed President Trump's plan, emphasizing that countries must secure agreements to avoid the elevated tariffs.

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