US EditionBessent Says 'Not to Panic' over Tariff Rate Surges on Aug. 1
UNITED STATES, JUL 29 – Treasury Secretary Scott Bessent said tariff reimposition would be manageable and could provide negotiating leverage as major US partners race to meet trade deal deadlines, officials said.
- On Wednesday, Treasury Secretary Scott Bessent urged U.S. trade partners not to panic if tariffs surge on Aug. 1, saying deals can still be made after Trump's deadline.
- Amid threats from President Donald Trump, Bessent said that deals can still be struck despite tariffs on countries trading with Russia and the Bolsonaro trial.
- In remarks to CNBC, Bessent said, `You can continue negotiating` and that snapback tariffs for a few days or weeks wouldn't be the end of the world.
- Despite Bessent said, major US trading partners including Canada, Mexico, South Korea and India still haven't reached agreements, investors and businesses remain uncertain about tariffs' impact.
- The US has set an Aug. 12 deadline for China, and Treasury Secretary Scott Bessent said, `I would expect that it's going to be a busy August`.
16 Articles
16 Articles
Bessent tells countries don’t ‘panic’ if trade deals aren’t made before tariff deadline, insists US has leverage over China
Treasury Secretary Scott Bessent told countries Wednesday not to "panic" after the Aug. 1 trade deadline because deals could still be negotiated -- while explaining that the US didn't sign off on another deal with China yet because President Trump now has "a lot more leverage."
Trump Economy Surges as Bessent Promises More to Come - American Faith
Treasury Secretary Scott Bessent credited President Donald Trump’s policies for the U.S. economy’s unexpected second-quarter growth, telling attendees at a Breitbart News policy event that more prosperity is on the way. Bessent’s remarks followed Commerce Department data showing a robust 3% GDP growth rate in Q2 2025, surpassing economist forecasts and signaling renewed momentum. Speaking with Breitbart News Washington Bureau Chief Matthew Boyle…
Treasury Secretary Bessent says it's 'not the end of the world' if Trump's snapback tariffs go into effect on Friday
US Treasury Secretary Scott Bessent expressed confidence in the stock market.Andrew Harnik/Getty ImagesPresident Donald Trump says he won't budge on Friday's tariff deadline.His Treasury secretary said businesses shouldn't be concerned if the delayed tariffs go into effect.Some major US trading partners are racing to reach an agreement with just days to spare.The White House says businesses shouldn't worry if President Donald Trump's tariffs go …
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