Watch CBS News

U.S. warns of higher tariffs next month

The Trump administration says countries have until Aug. 1 to negotiate trade deals with the United States or their tariff rates will return to higher levels. Only two countries, the U.K. and Vietnam, have cemented new deals with the U.S. so far.
Jul 7, 2025 (01:30)
Videos
View CBS News In
CBS News App Open
Chrome Safari Continue