Bessent says tariffs will ‘boomerang’ to ‘Liberation Day’ levels if countries fail to negotiate deals | CNN Business

CNN  — 

Treasury Secretary Scott Bessent said tariff letters will be sent to about 100 countries over the next several days, as the Trump administration’s 90-day tariff pause comes to an end Wednesday.

“If you don’t move things along, then on August 1 you will boomerang back to your April 2 tariff level,” Bessent said about trading partners Sunday on CNN’s “State of the Union with Dana Bash.”

President Donald Trump has suggested the letters would include duty rates at the current 10% baseline, or as extensive as 70%. Bessent said Sunday the

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