Trump Stresses July Tariff Threat, Bessent Teases Extension

President Donald Trump hardened his threat to raise tariffs on certain countries by his July 9 deadline, while Treasury Secretary Scott Bessent signaled there may be some extensions to wrap up major pacts by the Labor Day holiday.

The statements Friday are the latest sign that some negotiations with larger partners may extend past early July, but that Trump is weighing higher rates for smaller economies that have not reached agreements with the US.