President Donald Trump of the United States is likely to postpone the effective date of increased tariffs for a number of trade partners to allow more time for negotiations. As reported by Politico, this was stated on June 11 by Treasury Secretary Scott Bessent in discussions with members of Congress. While speaking with members of the Congressional tax committee, Bessent said that the administration is prepared to shift the effective date of increased tariffs for a number of trade partners, which is set for July 8, to a later date.