The Trump administration may be taking a flexible approach to what it previously described as a “hard deadline” of long-promised tariffs taking effect on August 1.
“The important thing here is the quality of the deal, not the timing of the deals,” Treasury Secretary Scott Bessent told CNBC on Monday, arguing the president’s tariff threats had created “maximum leverage as only he can do” for countries to swiftly reach trade deals with the U.S.
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