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Treasury secretary says countries without trade deals will see tariffs 'boomerang' to April rates by Aug. 1
Steep tariff rates are set to go back into effect after a 90-day pause on the April 2 rates that rocked the stock market.
Treasury Secretary Scott Bessent Discusses Trump Tariff Strategy As Letters Go Out
On CNN, Treasury Secretary Scott Bessent discussed President Trump's tariff strategy as demand letters are sent out.
Tariff rates to return to April levels if August trade deal deadline unmet, Bessent says
Treasury Secretary Scott Bessent said Sunday that counties that do not make deals with the United States by August will see ...
Bessent: Tariffs will ‘boomerang' back to April levels by Aug. 1 for countries without deals
President Donald Trump in April announced a 90-day pause on the tariffs he had unveiled just days prior on virtually every ...
Bessent: Foreign Manufacturers Are Taking Tariff Costs Into Their Margins
Treasury Secretary Scott Bessent makes the case that Trump's tariffs have not caused inflation, or even significant price ...
Scott Bessent values ‘market-based indicators’ over Powell influence
Treasury Secretary Scott Bessent downplayed Federal Reserve Chairman Jerome Powell’s economic analysis and claimed Bessent ...
Trump complains about US-Japan trade talks as Bessent warns of higher tariffs
Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs as a July 9 deadline ...
US Treasury chief sees 100 countries getting 10% reciprocal tariff
Mr Scott Bessent expects to see “a flurry” of trade deals announced before July 9. Read more at straitstimes.com. Read more ...