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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Monday, July 7
US tariffs to kick in August 1 for countries without deals, Treasury chief says
Olivia Carter
Olivia Carter is a staff writer at Verda Post, covering human interest stories, lifestyle features, and community news. Her storytelling captures the voices and issues that shape everyday life.