United States Treasury Secretary Scott Bessent Reveals Tariff Details

On Tuesday, United States Treasury Secretary Scott Bessent disclosed that each country affected by the US trade restrictions will receive a specific tariff number by April 2, the date these measures come into effect. Bessent highlighted that the tariffs would vary, with some countries facing lower rates, and emphasized that a significant portion of the tariffs would be concentrated on 15% of the targeted nations.

Economic Outlook and Trump's Directive

During his interview with Fox Business, Bessent addressed concerns about a potential recession, dismissing the notion as unfounded given the current health of the underlying economy. He also shared that President Donald Trump instructed him to reconsider the sanctions regime, citing its negative impact on the dollar's reserve status.