I’m not sure what President Trump’s precise tariff plans are at this point but the general goal seems to be to renegotiate trade deals with countries around the world in ways that made trade more favorable to the US. Here’s what Treasury Secretary Scott Bessent said yesterday on Meet the Press.
Pressed whether Trump’s latest barrage of tariffs would be permanent or whether they were simply a negotiating tactic, Bessent said Trump had “created maximum leverage for himself” and that over 50 countries were trying to negotiate the duties.
“More than 50 countries have approached the administration about lowering their non-tariff trade barriers, lowering their tariffs, stopping currency manipulation,” he said, adding that any talks would take time.
As of today, Sec. Bessent indicated the number of countries ready to negotiation had climbed nearly to 70.
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