U.S. Treasury Secretary Scott Bessent on Sunday warned that countries that don’t make trade deals with the U.S. will return to their April 2 tariff rates starting in August, while noting that the Trump administration expects a flurry of trade agreements to be completed this week ahead of President Donald Trump ’s original deadline.

Treasury Secretary Scott Bessent offered some more clues about tariff/trade negotiations as the president's latest deadline approaches this week. "We are going to have several announcements in the next 48 hours,

But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.