US tariffs to kick in August 1 for countries without deals, treasury chief says

Starting August 1, new U.S. tariffs will be implemented unless trading partners such as Taiwan and the European Union successfully negotiate agreements with Washington, Treasury Secretary Scott Bessent announced on Sunday. According to Bessent, if no deals are reached by the July 9 deadline, tariff rates will revert to the levels established by former President Trump. For more insights on these developments and their potential impact on international trade, stay tuned.