US threatens tariffs ‘boomerang’ next month if no deals are struck

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Scott Bessent warned that the American customs tariff for imports from some countries will return to the sharp levels of Donald Trump in April unless he quickly made concessions and wandering with Washington.

The comments of the US Treasury Secretary came before the end of Wednesday to a 90 -day hiatus in the upper fees that helped calm the markets and left a space for talks between the United States and its trading partners.

However, Trump has not yet struck three trade agreements during this period – with the United Kingdom, China and Vietnam – leaving the rest of the global economy, including senior American allies such as the European Union, Japan and South Korea, in oblivion and faces renewed threats of high customs tariffs.

Speaking to CNN on Sunday, Bessin said that Trump will reach the countries that failed to reach agreements with the United States that the high fees on their imports will enter next month, which is a floating plan last week.

“I will not give up the playing book. We will be very busy within the next 72 hours,” said Pesin. “President Trump will send messages to some of our commercial partners who say that if you do not move things, then on the first of August, you will return to the level of tariffs on April 2.”

Pesin said he expected Trump’s approach to a wave of deals with major commercial partners, but about “100 messages” will also go to smaller countries with a little American trade, which puts a 10 percent customs tariff.

Speaking to ABC on Sunday, Stephen Miran, Chairman of the Economic House of Economists at the White House, said he was hearing “good things” about negotiations with Europe and India. “The president will decide later this week, and the following time, whether the two countries are doing what is necessary to reach the American market as they are accustomed to,” Miran said.

The initial suspension of the Trump administration was forced into the highest fees three months ago by a strong negative reaction from both the American stock and rifle investors, who were afraid that advanced American protection would lead to the slower growth, if not stagnant, and more enlargement. However, after Trump turned on the higher graphics, stock markets flourished as bond markets finally settled.

The possibility of obtaining a rapid return to a very high tariff for many countries can ignite these concerns, but investors have shown signs of adaptation to the Trump commercial system for continuous negotiations with most major countries. Meanwhile, economic data were relatively benign, as the labor market stood in the first months of the administration, and inflation did not show signs of rapid re -acceleration due to the definitions.

Commercial conversations that dominate the coming weeks follow a period of Trump’s attention mostly on the approval of the distinctive local policy bill – a set of tax cuts, the reduction of spending on the social safety network, and a new financing to eliminate immigration. With this legislation approved by congress and then Trump on Friday, the White House’s concentration can return to trade and definitions.