Donald Trump, European Union and Scott Bessent
Digest more
Treasury Secretary Scott Bessent conceded on Sunday that President Donald Trump’s tariffs could increase prices for consumers. Walmart CEO Doug
Treasury Secretary Bessent told NBC that if nations don't want to negotiate with the US, then their tariffs will "spring back to the April 2nd level."
Trump agrees to extend the proposed 50% EU tariff to July 9, 2025, after a call with European Commission President Ursula von der Leyen. Talks are set to "begin rapidly," he said.
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
6don MSN
"So, if we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent said of ongoing trade talks.
As President Donald Trump conducted an impromptu news conference in Doha, Qatar, this month, surrounded by business leaders and top advisers, he made a point of singling out one person in particular.
The Treasury secretary said "strategic uncertainty" is a tactic as the U.S. engages in talks over the Trump administration's tariffs, arguing that too much certainty would allow other countries to "play us in the negotiations.