Bessent: Tariffs will 'boomerang' back to April levels by Aug. 1 for countries without deals

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Bessent: Tariffs will 'boomerang' back to April levels by Aug. 1 for countries without deals

cnbc.com/2025/07/06/bessent-tarrifs-trump-august.html

Treasury Secretary Scott Bessent said Sunday that tariffs announced back in April will take effect on Aug. 1 for countries that have not reached an agreement with President Donald Trump's administration.
"President Trump's going to be sending letters to some of our trading partners…

This story appeared on cnbc.com, 2025-07-06 15:57:12.