US Treasury's Bessent says Trump has leverage with tariff rates
ReutersJul 23, 2025 11:35 AM
WASHINGTON, July 23 (Reuters) - U.S. President Donald Trump has created a lot of leverage on trade with his letters on tariff rates, U.S. Treasury Secretary Scott Bessent told Bloomberg Television in an interview on Wednesday.
"President Trump is creating this leverage by saying: if you don't want to negotiate with me, I've sent you a letter with a high rate. Have at the high rate or come and negotiate in better fashion," Bessent said.
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