United States Treasury Secretary Scott Bessent Speaks on Tariffs and Economy

In a recent interview with Fox Business, United States Treasury Secretary Scott Bessent revealed that each country targeted by US trade restrictions will receive a specific tariff number starting April 2. Bessent mentioned that while some countries might face low tariffs, approximately 15% of the countries will bear the majority of these imposed levies.

During the discussion, Bessent also addressed concerns about a potential recession. He stated that it would be unreasonable to expect the Trump administration to guarantee there won't be a recession, despite the underlying economy being healthy. Furthermore, he disclosed that President Donald Trump has urged him to reconsider the sanctions regime, as it might be affecting the dollar's reserve status negatively.