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.
72 Articles
72 Articles
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Amid the economic storm sparked by tariffs, Donald Trump reshuffles his trade strategy team
US President Donald Trump changed not only his tariff strategy but also his trade team this week. Former hedge fund manager and Treasury Secretary Scott Bessent – the main conduit for the House...
MAGA loyalists says the tariff pause was Trump's plan all along. Trump himself said otherwise.
President Donald Trump announced Wednesday he'd be pausing his retaliatory tariffs plan for 90 days.Kevin Dietsch/Getty ImagesDonald Trump put a 90-day pause on his tariffs plan.It sure seems like it was prompted by the market meltdown.The president's MAGA allies are claiming that was his strategy all along.President Donald Trump placed a 90-day pause on his sweeping tariffs plan, and it sure seems like it was prompted by the market meltdown and…
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