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flag US Treasury Secretary warns of imminent higher tariffs if key trade deals aren't finalized by July 9.

flag US Treasury Secretary Scott Bessent stated that the US is nearing several trade deals before a July 9 deadline, when higher tariffs will take effect. flag The Trump administration plans to notify 100 smaller countries of potential increased tariffs initially set for April 2 and suspended until July 9. flag If no deals are reached, tariffs will revert to their earlier levels starting August 1. flag The US is focusing on 18 key trading partners that make up 95% of the US trade deficit.

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