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Bessent claims the tariff reversal was Trump's 'strategy all along'

  • Secretary of the Treasury Scott Bessent stated that President Donald Trump's pause on reciprocal tariffs was a strategy to encourage trade negotiations after 75 countries reached out for talks.
  • Trump announced an increase in tariffs on Chinese exports, imposing a 125% tariff effective immediately, which Bessent claimed would not harm the U.S. Economy as much as China's.
  • Bessent emphasized that China's tariffs would harm their own economy more than that of the United States, reinforcing Trump's strategy.
  • Public Citizen criticized Trump for not supporting the workers who elected him, asserting that the tariff suspension was part of a broader plan.
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Flip-flopper in chief? Trump's biggest U-turns

US President Donald Trump, whose dramatic reversal on global trade tariffs sent markets reeling this week, is no stranger to the U-turn. Here are some notable examples.

·Missoula, United States
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RealClearMarkets broke the news in on Wednesday, April 9, 2025.
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