Treasury Secretary Scott Bessent warned Monday that countries negotiating trade deals with the United States could still face steep tariff hikes on July 9, even if talks are ongoing.Speaking to Bloomberg Television,

The Trump administration placed a 90-day pause on the tariffs, but will notify countries that trade penalties will take effect unless there are deals with the United States on July 9.

The high rates caught many investors off guard, and the stock market plummeted. By April 9, Trump announced a 90-day pause on the high tariff rates to give countries time to negotiate trade deals, leading to a major market rally. That 90-day pause will end on July 9. Should investors buy stocks before then?