Tariffs will revert to April levels if countries don't make a deal by August 1, Bessent says

Tariffs will reset to President Donald Trump's original April levels if countries do not strike a new deal with the U.S. by August 1, Treasury Secretary Scott Bessent said Sunday.

Bessent made the announcement during an appearance on "Fox News Sunday," telling host Shannon Bream that several trade deals are in the "home stretch."

"Is it fair to say there's a bit of a pause on the July 9th deadline for some of these trading partners?" Bream asked.

"I don't think it's a bit of...