cott Bessent said countries without a trade deal by August 1 will face April 2 tariff rates

Countries that haven’t signed a trade deal with President Donald Trump by August 1 are about to get hit with the same brutal tariff rates announced on April 2, according to Treasury Secretary Scott Bessent, who spoke on CNN’s State of the Union on Sunday. Scott confirmed Trump will begin sending letters this week to around a dozen countries, warning them that failure to reach an agreement will bring the full weight of the earlier tariffs crashing back into effect. Scott said, “President Trump’s going to be sending letters to some of our trading partners saying that if you don’t...