The United States is poised to reinstate tariffs on imports from key trading partners, including Taiwan and the European Union, starting August 1 if bilateral trade deals are not finalized by July 9. Treasury Secretary Scott Bessent reaffirmed President Trump’s plan, emphasizing that countries must secure agreements to avoid the elevated tariffs. The United States is poised to reinstate tariffs on imports from key trading partners, including Taiwan and the European Union, starting August 1 if bilateral trade deals are not finalized by July 9. Treasury Secretary Scott Bessent reaffirmed President Trump’s plan, emphasizing that countries must secure agreements to avoid the elevated tariffs.
