US Finance Minister Scott Bessed said that if there was no agreement with the United States within the next few days, the duties of up to 50% announced in April and their imposition was postponed to give the negotiations time would apply from August 1. The July 9th deadline for imposing these punitive duties was in force until Friday when Donald Trump clarified that countries would start paying from August 1st. When asked what will happen on Wednesday, Scott Bessed told CNN: “We will be very busy in the coming 72 hours.” “President Trump will send letters to some of our commercial partners who will say that if things do not go ahead, then, on August 1, they will return as Bubert to the level of April 2nd duties,” the US finance minister explained. “Consequently, I think you will see many agreements very quickly,” he said, “there will be many important announcements in the coming days” […]
Source: News Beast
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