With just 10 days left before higher tariff rates kick in for many U.S. trade partners, Treasury Secretary Scott Bessent says the administration is “about to announce a rash of trade deals in the coming days.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

Commerce Secretary Howard Lutnick expressed confidence Sunday that the Trump administration will cut trade deals with key U.S. trading partners in the coming weeks — before steep tariffs kick in for dozens of countries.

Trump has sent letters to leaders of dozens of countries outlining the tariff levels set to begin on Aug. 1. In recent months, Trump has rolled back some of his steepest tariffs, meaning delays could be possible in the case of the Aug. 1 deadline. The Trump administration appears to have stood largely behind the deadline in recent days, however.

U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week in Stockholm and discuss what is likely to be an extension of an August 12 deadline for a deal to avert sharply higher tariffs.

Before Trump even took office, experts had warned that his global trade war—imposing tariffs on imports of various goods from various countries in a bid to strike more favorable trade deals for the US— risked spiking prices of popular tech products like laptops, game consoles, and smartphones.

With less than two weeks to go before country-specific tariffs could rise sharply, the Trump administration is drawing a lot of questions about what’s ahead.

The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs.