menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Bessent warns tariff will return to ‘Liberation Day’ rates if negotiations aren’t in good faith

7 7
18.05.2025

Treasury Secretary Scott Bessent on Sunday warned that the reciprocal tariffs on trading partners could go back to the rate slapped on them on "Liberation Day" last month if they don't engage in good faith negotiations.

“I think that it would be the April 2nd level,” Bessent said on NBC’s “Meet the Press with Kristen Welker” when asked if future rates would be above 10 percent.

He added, “Some countries were at 10 percent, some were substantially higher. And the negotiating leverage that President Trump is........

© The Hill