Trump administration teases more trade deals, but shifting tariff deadlines raise more questions
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Trump administration teases more trade deals, but shifting tariff deadlines raise new questions
Treasury Secretary Scott Bessent says the U.S. will make “several” trade announcements in the next 48 hours. He also declined to rule out the possibility of becoming the next chair of the Federal Reserve.
Speaking on CNBC’s “Squawk Box,” Bessent also declined, yet again, to rule out the possibility that he could serve as the next chair of the U.S. Federal Reserve, if President Donald Trump asks him to.
Bessent said foreign trade officials are rushing to make deals with the United States before July 9, when high tariff rates on dozens of countries’ goods are set to snap back into effect.
“We’ve had a lot of people change their tune in terms of negotiations,” he said. “So my, my mailbox was full last night with a lot of new offers, a lot of new proposals.”
“It’s going to be a busy couple of days,” he added.
But Bessent also repeated the administration’s new line, rolled out over the holiday weekend, that country-specific tariff rates will not be collected until Aug. 1.
Source: https://www.cnbc.com/2025/07/07/trump-trade-bessent-tariff-deadline.html