US Treasury Secretary Scott Bessent Reveals Tariff Details

In a recent interview with Fox Business, United States Treasury Secretary Scott Bessent disclosed that each country targeted by US trade restrictions will receive a specific tariff number by April 2, when these measures are set to take effect. Bessent mentioned that while some countries might face lower tariffs, approximately 15% of the targeted nations will bear the brunt of these imposed levies.

Economic Health and Recession Concerns

Bessent also addressed concerns regarding a potential recession, stating that it would be "silly" to seek guarantees from the Trump administration against such an economic downturn. He emphasized the underlying health of the economy and saw no immediate reason to anticipate a recession. Furthermore, Bessent revealed that President Donald Trump has requested a reconsideration of the sanctions regime, citing its impact on the dollar's reserve status.