Tariffs will revert back to their April 2 rates on Aug. 1 for countries that fail to nail down new trade deals with the United States, Treasury Secretary Scott Bessent said Sunday, just three days before the Trump administration’s initial July 9 deadline for tariffs to return.

The president said of the plans: "Different amounts of money, different amounts of tariffs and somewhat different statements."

On a day of patriotic celebration at the White House, the president signed the “Big, Beautiful Bill” a signature policy bill that cements a collection of Trump’s campaign promises.