Bessent: Imposing Aug. 1 tariffs 'will put more pressure' on trade partners for deals
1. Tariffs on countries starting August 1 may increase pressure for better agreements. 2. Investors are uncertain if tariffs will be enforced or postponed again. 3. High tariffs, up to 40%, could harm U.S. and partner economies. 4. Negotiations focus more on deal quality than strict deadlines. 5. Bessent calls August 1 a 'hard deadline' for tariff enforcement.