Bessent teases new Aug. 1 deadline for tariffs, says Fed chair can’t cut rates like Trump wants

Source: New York Post

Treasury Secretary Scott Bessent revealed that the Trump administration is now eyeing Aug. 1 as the date to slap the “Liberation Day” tariffs against countries that fail to cut lightning deals with the US. Back in April, Trump had given countries a 90-day extension before slapping those tariffs in place, meaning Tuesday, July 8.