The United States Secretary of Commerce, Scott Besent, has announced that President Donald Trump is talking individually with each country and is notifying them that if there is no commercial agreement before August 1, It will reimpose the tariffs announced on April 2.
That day, which Trump called ‘Liberation Day’ announced a list with reciprocal tariffs that in some cases reached 50%. These rates were the highest that the country had applied to foreign products in more than a century. According to Trump, countries have stolen and mistreated the United States for decades and was the time of revenge.
In April, Trump activated a 90 -day pause That theoretically ends this July 9, and Besent has wanted to influence this Sunday that the deadline has not moved to August 1, despite the message given by the president and that he himself has stressed today.
If you want to accelerate the situation, great; If you want to return to the original tariff, you decide
“The next 72 hours are going to be agitated”the secretary has declared in an interview with CNN. “In the letters we will say (to the countries) that if you do not accelerate the situation, on August 1 you will return to its tariff level on April 2,” he said.
Besent has indicated that on August 1 “It is not a new deadline”but it has not addressed exactly what will happen next day 9. “August 1 is when it will begin to happen (The restoration of tariffs). And if you want to accelerate the situation, great. And if you want to return to the original tariff (April), you decide, “he explained.” I think we are going to see many agreements very little, “he said.
Countries and regions such as the European Union, Japan, India or South Korea are trying to accelerate negotiations and reach pacts before this Wednesday, while Trump has increased the pressure saying that he simply prefers to send the letters explaining the tariff framework to negotiate.
