The White House has said a July 9 deadline would be delayed, and “letters” would be sent warning partners of new tariffs. EU and US trade talks are ongoing in a bid to secure a deal.TradeUnited States of America
US demands trade deals or threatens tariffs by August 1
Louis Oelofse with AFP, AP, Reuters
40 minutes ago40 minutes ago
The White House has said a July 9 deadline would be delayed, and “letters” would be sent warning partners of new tariffs. EU and US trade talks are ongoing in a bid to secure a deal.
https://p.dw.com/p/4x39Q
Shopping containers in California
US Treasury Secretary Scott Bessent said the administration was ‘close to several deals’Image: Mark Ralston/AFP
Advertisement
The United States is warning its trading partners to negotiate new deals or face higher import taxes by August 1, the latest deadline in President Donald Trump’s implementation of “reciprocal” tariffs.
Trump said letters will be sent out on Monday, alerting countries that higher duties are imminent unless agreements are reached.
“President Trump’s going to be sending letters to some of our trading partners saying that if you don’t move things along, then on August 1, you will boomerang back to your April 2 tariff level. I think we’re going to see a lot of deals very quickly,” US Treasury Secretary Scott Bessent told CNN’s “State of the Union” on Sunday.
