Bloomberg Talks
Treasury Secretary Scott Bessent Talks New Global Tariffs
Apr 2, 2025
Treasury Secretary Scott Bessent shared his insights on the newly announced global tariffs, proposing that retaliatory measures from other countries would be counterproductive. He highlighted the complexities of negotiations with key partners like China and the European Union, discussing how these tariffs could impact critical issues like the fentanyl crisis and manufacturing jobs. Bessent also touched on consumer sentiment amid inflation concerns and the urgent negotiations with Ukraine over minerals, showcasing the intricate global economic landscape.
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Quick takeaways
- Treasury Secretary Scott Bessent emphasized the importance of avoiding retaliatory tariffs to maintain stable global trade relations amid rising tensions.
- The U.S. administration is pursuing negotiations on new tariffs while balancing the need for revenue generation and maintaining diplomatic ties with trading partners.
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