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The United States Treasury Secretary Scott Besent, talks to journalists at the United States Capitol, since Republican legislators fight to approve the broad bill of expenses and prosecutors of the president of the United States, in Capitol Hill in Washington, DC, USA, June 27, 2025.
Elizabeth Frantz | Reuters
The secretary of the Treasury, Scott Besent, said on Sunday that the tariffs announced in April will enter into force on August 1 for countries that have not reached an agreement with the administration of President Donald Trump.
“President Trump will send letters to some of our commercial partners saying that if he does not move things, then on August 1, he will return to his rate level of April 2,” Besent said in the “State of the Union” of CNN.
The countries “will receive a letter saying that if we have not reached an agreement, then it will return to the level of April 2,” he said.
Besent rejected the idea that August 1 is another new rate deadline, but the date of August could still give commercial partners more time to renegotiate rates rates.
“We are saying that this is when it is happening, if you want to accelerate things, have it, if you want to return to the previous rate that is your choice,” Besent said.
In April, Trump announced a 90 -day break about the pronounced tariffs he had presented a few days before in most of the main commercial partners. That 90 -day break will expire on Wednesday, generating concern among investors and US business partners.
The White House did not immediately respond to CNBC’s request for comments on Besent’s comments.
Besent’s comments occur after Trump said last week that the administration would send approximately a dozen cards to the commercial partners on Monday notifying them about their rates rates from August 1.
“They will begin paying on August 1. Money will begin entering the United States on August 1, in almost all cases,” Trump told reporters on Friday.
Besent suggested that new trade agreements be announced soon.
“I would expect to see several great ads in the next few days,” he said, when asked if the administration is close to an offer before Wednesday.
