Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee on Capitol Hill in Washington on June 11, 2025. Madalina Vasiliu/The Epoch Times
Treasury Secretary Scott Bessent said on July 6 that the Trump administration is close to securing several trade deals ahead of Wednesday’s deadline, when higher tariffs are set to kick in. For any nations without deals, their tariffs will return to the levels seen in early April.
Bessent told CNN’s “State of the Union” that President Donald Trump is going to send letters to several U.S. trading partners, saying, “If you don’t move things along, then on Aug. 1, you will boomerang back to your April 2 tariff level.”
Original News Source Link – Epoch Times
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