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Monday, July 07, 2025
President Donald Trump's commerce secretary had to step in after he appeared lost on the latest development in his sprawling trade war. Speaking to reporters in New Jersey on Sunday, Trump announced that the administration would be sending out about a dozen letters throughout the week warning other countries that tariffs will be reinstated if they don't close a trade deal soon. Treasury Secretary Scott Bessent said earlier in the day that the tariffs would come back into effect on Aug. 1, effectively extending the original July 9 deadline. When a reporter asked Trump when the tariff rates would change"if at all"the president didn't seem to have a clue. |
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