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.

President Donald Trump said in an interview that aired Sunday that he did not plan to extend the July 9 tariff deadline he set for countries to broker deals with the US. "I don’t think I’ll need to," he told Fox News’s Maria Bartiromo.