Bessent says tariffs will 'boomerang back' to April levels if no deal, kick in August 1

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Treasury Secretary Scott Bessent said on Sunday that if U.S. trading partners do not make progress on trade negotiations, tariffs will go back to April levels, effective August 1.

“President Trump’s going to be sending letters to some of

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3. Bessent says tariffs will 'boomerang back' to April levels if no deal, kick in August 1