Bessent: Trump Will Raise Tariffs Again on Nations Acting in ‘Bad Faith’

Treasury Secretary Scott Bessent Said Sunday During an nbc intervened President Donald Trump Will Raise Rates Again for Nations Don’t Negotiate Trade Deals with the United States in “Good Faith.”

During an interview on “Meet the Press,” bessent pointed to the higher tariffs imposed on Myriad Countries after Trump’s April “Liberation Day” Speech as a consequens of any failed talks.

“Think that it was to be the april 2nd level,” bessent replied we are asc as host kristen welker about the tariff rates some nations may by the administration.

“Some Countries Were at 10%, some were substantily Higher,” he said. “The negotiating leverage that President Trump is talked for here is if you don’t want to negotiate, then it will sprout back to the april 2nd level.”

Bessent Also Addresssed Trump’s Remarks on Friday, when the President Said Nations May Receive a Letter from the Administration Their Effective Talks Are Being Held Sinceri.

“This means that they’re not negotiating in good Faith,” Bessent Said. “They are going to get a letter Saying, ‘here is the rate.’ SO I Expect that Everyone Wold Come and Negotiate in Good Faith. “

AFTER Trump’s “Liberation Day” Speech, Which Sent Global Markets Reeling, The President Issured A 90-Day Pause on the Higher “Reciprocal” Tariff Rates and SUGHT on Numerous Nations. Instead, Most Countries Have Been Subject to a Baseline 10% Tariff Rate while they Conduct their Respective Trade Discussions with the us.

A notable exception has been china. The US in April Raised Rates on Chinese Goods to A High of 145%. Last Week, the US Temporarylly Cut the tariff rate on chinese goods to 30% as the two Countries Continue to Engage in High-Level Trade Talks. China Also Lowered ITS Levies on US Goods From 125% to 10%.

Earlier in May, the Trump Administration Announced A Trade Framework with the UK, with the US Rescinding Tariffs on the British Steel and US Farmers Gaining Incresed Market Access in the UK.