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Bessent warns retaliation could raise ‘ceiling’ of reciprocal tariffs

Treasury Secretary Scott Bessent warned against retaliation to President Trump's new tariffs, stating, "Let’s see how it goes" after the announcement on Wednesday.
Trump imposed tariffs on several nations, including a 34% tariff on China and a 20% tariff on the European Union.
The European Union and China indicated plans to retaliate against U.S. Exports following Trump's tariffs.
Stocks fell significantly after the tariffs were announced, with the S&P 500 dropping 4%, marking its worst day since September 2022.

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The Independent

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The Independent (US)

Lean Left

Treasury secretary begs other countries not to hit back at tariffs

Scott Bessent insisted that the initial market reaction to the tariffs would be a temporary rut on the way to ‘long-term growth’

3 hours ago·London, United Kingdom

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tippinsights

Right

"Don't Retaliate:" Scott Bessent Warns Countries Against Tariff Pushback

As the U.S. rolls out new tariffs, countries around the world are considering their responses. U.S. Treasury Secretary Scott Bessent urged nations to refrain from retaliation, advising, “Do not retaliate. Sit back, take it in, let's see how it goes. Because if you retaliate, there will be an escalation. If you don't retaliate, this is the high watermark,” he said, in an interview with Fox News.

7 hours ago

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The Daily Wire

Right

‘Sit Back, Take It In’: Treasury Secretary Threatens Tariff ‘Escalation’ If Countries ‘Retaliate’

Treasury Secretary Scott Bessent urged countries to think twice before retaliating after President Donald Trump imposed his “Liberation Day” tariffs on nations across the globe on Wednesday. Trump is hitting nearly every country in the world with what the White House is calling “reciprocal tariffs,” including an additional 34% tariff on China, a 20% tariff ...

12 hours ago·Nashville, United States

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The Last Refuge

Far Right

Treasury Secretary Scott Bessent Outlines Details of President Trump Tariff Plan - The Last Refuge

US Treasury Secretary Scott Bessent discusses President Trump’s tariff plans, federal deficit negotiations and the efforts to extend the 2017 tax cuts with Annmarie Hordern on “Balance of Power.” Bessent walks through a strong, focused and deliberate outline while warning other nations not to assemble any retaliatory effort, or else the tariff ceiling currently outlined […]

18 hours ago

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Breitbart

Right

Bessent on Israel Being on Tariff List Despite Axing Theirs: There Are Non-Tariff Barriers

On Wednesday's broadcast of the Fox News Channel's "Special Report," Treasury Secretary Scott Bessent responded to a question on why Australia and Israel

22 hours ago·United States

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insidetrade.com

Center

Bessent warns retaliation could raise ‘ceiling’ of reciprocal tariffs

Treasury Secretary Scott Bessent on Wednesday urged U.S. trading partners against countering President Trump’s new “reciprocal” tariffs with fresh trade barriers of their own, saying any such moves would raise the “ceiling” set in the newly launched policy -- and saying “I just don’t know” whether the administration will be open to negotiations on lower duties. “I would advise none of the countries to panic.

23 hours ago

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