Reported about 12 hours ago
Scott Bessent, the U.S. Treasury Secretary, stated that tariff rates could revert to 'reciprocal' levels if countries fail to negotiate trade agreements during a 90-day pause. He emphasized the importance of reaching deals with key trading partners to avoid escalating tariffs, a move initially initiated by President Trump in April. As concerns grow about the impact of tariffs on businesses and consumers, Bessent expressed confidence in ultimately achieving favorable outcomes for American workers and retailers.
Source: YAHOO