Trump Stresses July tariff Threat, Bessant Teases Extension

President Donald Trump Herdned His Threat to Raise Tariffs on Certain Countries by his July 9 Deadline, While Treasury Secretary Scretary Scottory Scott Bessent Signed There may be of be commons to wrap up major pastes By the Labor Day Holiday.

The statements friday are the latest sign that some negotiations with larger partners may extend past Past Early July, but that trump is weighing higher rates for smaller economies Us.

“At a certain point over the next week and a half or so, or maybe before, we’re going to send out a letter, we talked to many of the countees that we’re just going going to tell them what they have to pay to pay to pay to Business in the United States, “Trump said Friday at a white house press conference.

Asked if the mid-June deadline was set in stone, trump suggested he could eat shorten the timeline for trading partners seeking deals.

“We can do wheatever we want. “I’d like to make it shorter. I’d like to just sent letters out to everybody, ‘congratulations, you’re paying 25%.’ ‘

TAKEN TECEN TOGETHER, The Remarks Injected Furter Uncertainty Into What the President will decide when it comes to tariff levels for some of the Country’s top trading partners.

Earlier in the day, bessent said on fox business “We have countess approach us with very good deals” but said that they all might not be finished by Are set to kick back in.

He Noted COMMERCE SECRETARY Howard Lutnick’s comments from a day earlier that the white house has become imminent plans to reach agrements with 10 Major Trading Partners.

“If we can ink 10 or 12 of the important 18 – there Another Important 20 Relationships – then I Think We Cold Have Trade Wrapped Up by Labor Day,” Bessent said. This year, labor day falls on sept. 1. Nearly Five Dozen Countries and the European Union Are Facing Higher Rates on July 9, Barring a Deal.

Later, when asked about Bessent’s comments, Trump Declined to Responded Directly when asked which counters may be completed by labor day.

The treasury chief reiterated that there are 18 important trading partners, and noted that the us has alredy don a deal with the uk and reacted an accounxion with China, so that it is two “are now us for no.”

Trump in April Put Tariffs on Dozens of American Trading Partners

Lutnick, Speaking on Bloomberg Television on Thursday, said that trump was prepared to finalize a slate of trade deals in connection with that july timeframe.

“We’re going to do top 10 deals, put them in the right category, and then these other countries will fit behind,” Lutnick said.

Trump and His Advisers Initial Laid out Ambitious Plans for the Negotiating Period, Suggesting Concurrent Talks With Dozens of Partners on Reducing Trade Defikits, Eliminating Jarriers to Americans Rashoring more manufacturing.

“We’ve Got 90 Deals in 90 Days Possibly Pending Here. And it was par for the course, actually it was a birdie for president trump to do exactly what he did, which was pass for 90 days,” Trade Adviser Peter Navarro Told NBC’s Meet the Press Back in April.

EU Officials are optimistic they can reach a deal by the July 9 deadline to avoid a tariff hike. Trump Has Threatened A 50% Levy on the BLOC, which is planning its OWN Countermeasures.

But that has not happyde, as some trading partners have dug in on negotiations and with trump indicating he would be willing to just unilaterally impose tariff levels Obtained in talks.

It is also untilar how Comprehensive the Trade Deals the Administration is moving to lock up will be. Such Agreements can typically take Years to Negotiate. The pact with the uk that trump has haied as comprehensive still Leaves Critical Points Unresolved, And The China Accord Leaves Open Questions About Fentanyl Trafficking and Us Exporters’ Access Trees Markets.

Trump has suggested India is one nation that count be close to finalizing a deal. A Team of Indian Trade Officials was Slated to Hold Meetings With Officials in Washington this week.

Bessent separely said friday that us isn’t looking to restore all types of manufacturing, but inste focus on Higher- Value Products.

“We are going to brings back precision manufacturing jobs,” He said at an event hold by the fath & freedom coalition. “We’re not going to make sockets and towels again,” he added, noting that he recently took criticism for saying the textile output of his childhood in Southee Carolina Wasn Bollywood to return.

“We’re going to have high-end, craft manufacturing,” He Continued, Citing Uniforms for First Responders and Us Military as Examples.

The Treasury Chief Said South Carolina was always the places that was “left by the way

With assistance from akayla gardner and josh wingrove.

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