The suspension period for reciprocal tariffs approaches Basent: The next 72 hours will be very busy "
Internet reports that as the U.S. suspension of reciprocal tariffs approaches, U.S. Treasury Secretary Bessant said on Sunday that the next 72 hours will be very busy. Besent said that a number of major agreements are close to being reached and important news will be announced in the next few days. He said that if the country receiving the tariff letter fails to reach an agreement, its exports will again face the same tariff rates as in April from August 1. For weeks, Trump administration officials have been claiming that multiple deals are imminent, but have so far announced only a limited framework agreement with the UK, a small trade agreement with India and a deal with Vietnam that Trump briefly outlined. The latest statements from Trump and Besent show that three days before the deadline, there are still variables in the negotiations and reaching an agreement will not be easy.
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