Bessent Warns Tariffs Will Go Back Up For Nations That Do Not Negotiate In ‘Good Faith’, Doesn’t “Put Much Credence” In Moody’s Downgrade | ZeroHedge
Authored by Aldgra Fredly and Jacob Burg via The Epoch Times,
Treasury Secretary Scott Bessent said on May 18 that reciprocal tariffs could return to the levels set by President Donald Trump on April 2 if trading partners don’t negotiate in good faith.
On April 2, Trump announced a minimum 10 percent tariff on nearly all imports, with higher levies on roughly 60 nations labeled as the “worst offenders” in trade imbalances with the United States as part of an effort to close (more…)