US Treasury Sec. Bessent warns of tariffs rates to ‘reciprocal’ level if no trade deal

FXStreetMay 19, 2025 2:40 AM

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US Treasury Secretary Scott Bessent told CNN News on Sunday, President Donald “Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April 2 level.”

He added: “There are incoming deals with 18 "important" trading partners,” but didn't indicate a timeline for these trade agreements.

Reviewed byJane Zhang

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