Bessent: Countries bringing ‘good proposals’ with ‘a few exceptions’

Bessent Warns Tariffs Will Go Back Up for Nations That Do Not Negotiate in ‘Good Faith’

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 trade deficits. He subsequently …

Trump to carry out tariff threats if nations don't negotiate in 'good faith,' Bessent says

WASHINGTON (Reuters) -President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith" on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday.

Bessent warns countries refusing to negotiate can expect increased tariffs

Treasury Secretary Scott Bessent said he’s prepared to set tariffs against countries that won’t negotiate with him. The United States recently secured a trade deal with China that included negotiations on “tariffs, non-tariff trade barriers, currency manipulation, and subsidies of…

Bessent warns countries refusing to negotiate can expect increased tariffs - Washington Examiner

Treasury Secretary Scott Bessent said he’s prepared to set tariffs against countries that won’t negotiate with him. The United States recently secured a trade deal with China that included negotiations such as “tariffs, non-tariff trade barriers, currency manipulation, and subsidies of labor and capital,” according to Bessent. China was an outlier among foreign countries facing tariffs, with a 145% initial tariff. The tariff was since reduced to…

U.S. eyes region-based tariffs for many nations as deadline nears

The United States is likely to introduce region-based tariffs instead of coming up with individual duty rates for many countries, Treasury Secretary Scott Bessent said Sunday, as time runs out to negotiate trade deals across the world. Bessent said the administration of President Donald Trump is now aiming to strike deals with select key trading partners on its sweeping so-called reciprocal tariffs imposed in April. While appearing on a CNN prog…

Bessent warns of maximum tariffs as nations eye tough trade tactics

The treasury secretary says the levies will return to levels set on “liberation day” if others do not negotiate in “good faith” after China’s defiant stance.