Countries that have not signed trade agreements with President Donald Trump will face harsh tariffs as announced on April 2, starting August 1.
Treasury Secretary Scott Bessent stated that these countries will receive warning letters and face old tariffs if a timely agreement is not reached.
MAIN CONTENT
Tariffs will be reinstated starting August 1 for countries that have not signed an agreement.
Warning letters will be sent to trade partners this week.
The 90-day tariff suspension ends on August 2, with no new extension.
Will Trump actually reinstate the tariffs starting August 1?
Scott Bessent confirms that a warning letter asserting the reinstatement of tariffs will be applied from August 1 if the partners do not reach an agreement. This is not just an empty warning but an official decision based on the Trump administration's policy.
During the CNN State of the Union program on July 6, Scott Bessent stated: “If the partners do not push for an agreement, they will face tariffs starting August 1.” This decision reflects the seriousness of U.S. trade policy.
President Trump declared: “Tariff money will start flowing back to the United States from August 1 unless there is a sudden change this week.”
Donald Trump, President of the United States, July 5, 2025
To which countries are the warning letters sent and what is their purpose?
Bessent stated that about a dozen countries will receive letters this week as a final warning before the old tariffs are imposed. The goal is to urge trade partners to quickly negotiate an agreement.
The letters sent will not only be formal warnings but will also create clear time pressure, with no more extensions or prolonged negotiations.
What does the 90-day tariff suspension deadline mean?
The 90-day extension period in April 2025 was seen as a pause for the parties to negotiate, but it has now expired. This marks the end of all tariff delays.
“We do not intend to continue extending the tariff suspension policy. The 90-day deadline has ended, and importers will have to pay the old tariffs again starting August 1.”
Scott Bessent, U.S. Secretary of the Treasury, July 6, 2025
What signs indicate that agreements are nearing completion?
According to Bessent, there has been progress in the negotiations, and he expects several major announcements to be made in the coming days. This indicates that the negotiations are still being expedited just before the deadline.
While not disclosing specific countries, these statements confirm maximum efforts to avoid hard tariffs from August 1.
Why is the United States determined to impose old tariffs?
The reinstatement of tariffs aims to maintain trade pressure, forcing partners to negotiate fairly and improve the trade balance. Reports from the Treasury Department and statements from senior officials highlight that this is a strategy to protect national interests.
Frequently Asked Questions
When will the tariffs be applied? The tariff rates announced on April 2 will be reinstated starting August 1 if no new agreement is reached. Which countries will receive warning letters? About a dozen countries will receive letters urging them to reach an agreement before August 1. Has the tariff suspension extension period ended? The 90-day extension period ends on August 2 and will not be extended further. Is there hope for successful negotiations before the deadline? There have been signs of progress and several important announcements are expected before August 2. What impact will the reinstatement of tariffs have on trade? This will increase trade pressure, forcing partners to negotiate more fairly.
Source: https://tintucbitcoin.com/bitcoin-ethereum-chiu-tac-dong-thuong-mai-trump/
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