The United States will reinstate tariffs on imports from key trading partners—including Taiwan and the European Union—starting August 1 if bilateral trade deals are not reached, Treasury Secretary Scott Bessent said on Sunday.
The Treasury Secretary’s remarks reaffirm Trump’s comments made aboard Air Force One on Friday. “Well, I’ll probably start them on August 1. Well, that’s pretty early. Right?” Trump had said, adding that he had signed 12 letters to notify countries of the upcoming tariff regime, likely to be sent Monday.
