W ASHINGTON—President Trump decided to delay the implementation of his so-called reciprocal tariffs to Aug. 1 after advisers including Treasury Secretary Scott Bessent told him he could get trade deals with more time, according to people familiar with the matter.

Treasury Secretary Scott Bessent said Monday that he will meet with his Chinese counterpart, which follows “good meetings” he has previously had with China. Bessent said the United States will make “several new announcements” on tariff deals within the next two days,

Treasury Secretary Scott Bessent said on Sunday that countries will see their respective tariff rates “boomerang back” on Aug. 1 to the higher levels announced three months ago, if they don’t