US Finance Minister Scott Bessent said that high taxes will return to countries that do not perform trade agreements.
In the United States, the Trump administration warns nations that imports on import will return to April 2 (20 percent from 20 to 49 percent) if trade agreements cannot be achieved until Wednesday. Finance Minister Scott Bessent CNN said that in a statement to CNN, currently paying about 100 letters to small countries paying the basic customs tax of 10 %, he said. “If you do not go forward, you will return to a higher rate like Boomerang,” the negotiations continue with a few major partners. Stephen Miran, Chairman of the Economic Advisory Council, said the United States expected a “series of agreements” this week and said that some countries could expand the time if negotiations progressed with goodwill. US President Donald Trump confirmed that on Friday, a letter will be sent to the remaining countries on Monday. “The letters are better for us. Easily deal with 15 different things,” Trump said. Senior officials say the purpose is to force countries to reduce trade barriers and open markets for US goods. If the agreement is not achieved, high customs missions will start again on August 1.