Trump administration teases more trade deals, but shifting tariff deadlines raise new questions.

Treasury Secretary Scott Bessent on Monday said the Trump administration will make “several” trade-related announcements in the next 48 hours, signaling imminent progress even as U.S. tariff deadlines appear to be shifting.

Speaking on CNBC’s “Squawk Box,” Bessent also declined, yet again, to rule out the possibility that he could serve as the next chair of the U.S. Federal Reserve, if President Donald Trump asks him to.

Bessent said foreign trade officials are rushing to make deals with the United States before July 9, when high tariff rates on dozens of countries’ goods are set to snap back into effect.

“We’ve had a lot of people change their tune in terms of negotiations,” he said. “So my, my mailbox was full last night with a lot of new offers, a lot of new proposals.”

“It’s going to be a busy couple of days,” he added.

But Bessent also repeated the administration’s new line, rolled out over the holiday weekend, that country-specific tariff rates will not be collected until Aug. 1.

His remarks came one day after Trump said his administration could send as many as 15 letters to U.S. trade partners between Monday and Wednesday, dictating new tariff rates that would be imposed on their exports to the United States.

Trump also said “some deals have been made,” suggesting the administration could unveil a mix of bilateral trade agreements and unilateral tariff letters this week.

Source: cnbc