Trump tariffs on August 1 will put pressure on trading partners: Bessent

On Friday, May 23, 2025, Scott Biant, the US Treasury Secretary, during a Bloomberg TV interview in New York, USA.

Bloomberg | Bloomberg | Gets the image

Minister of Finance Scott Bet Monday stated that the introduction of high tariffs for beginning countries August 1 “Pressing more pressure on these countries to come with the best agreements.”

Baze’s remarks believe he is considering the president Donald Trump Planned massive tariffs for higher trading partners – which were postponed until August 1 – as not so much the term for ink transactions, but as other negotiation tactics to squeeze affected countries to agree with the favorable conditions for the US.

“We’ll see what the president wants,” The infant said on CNBC Asked if the term next month will expand for productive countries, the idea that administration officials have been approved in recent months.

“But again, if we somehow the boomerang back … I think a higher tariff level will exert greater pressure on these countries to come with the best agreements,” the infant said.

Investors and importers seem to be torn between Trump’s tariffs to actually come into force next month with one hand, and the rates that Trump will put them on the other again.

Steep levies, some like high 40%. Could be a colleague Both the US economy and the economy of trading partners.

Read more CNBC policy

The remarks of the indentity come when in recent days they insisted on the chief officials of the Trump administration, which is on August 1. “Heavily

Secretary of Commerce Howard LutnoFor example, on Sunday he said that “nothing prevents countries talking to us after August 1, but they will start paying tariffs on August 1”.

Beester also said that “our trading partners said rates could return to back to Level 2 April

“We can continue to talk then, but again, we continue APACE with the negotiations, but we will not rush to make deals.”

The deadline for Trump’s deadline has changed several times since its announcement on April 2 Steep levies in trading partnersIn questioning whether the term will be on August 1, or if it is considered as another tool for getting trading partners to the negotiating table.

Another sign that the infant is considering tariffs on August 1, as soon as the negotiating tool, he stated on Monday that the administration was “more concerned with high quality transactions” than the transactions made by August 1.

“It is important here – this is the quality of the transaction, not the terms of transactions,” said the infamous.

Source link