America is close to clinching several trade deals ahead of a July 9 deadline when higher tariffs were due to kick in, Treasury Secretary Scott Bessent said.

But the Treasury secretary also said that some countries working toward agreements with the United States could have until Aug. 1.

Trump has said that letters about new trade deals will start going out this week, as a key deadline for tariff relief approaches on July 9. He warned that higher import duties could take effect if agreements aren’t reached soon.