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Scott Bessent Pushes Universal Tariff Plan
Scott Bessent pushes gradual 2.5% universal US tariffs plan
Donald Trump’s Treasury secretary Scott Bessent is pushing for new universal tariffs on US imports to start at 2.5 per cent and rise gradually, said four people familiar with the proposal.
Scott Bessent Pushes Universal Tariff Plan as U.S. Treasury Secretary
Newly confirmed U.S. Treasury Secretary Scott Bessent is advocating a plan to impose universal tariffs on imports, according to the Financial Times. The proposal suggests starting tariffs at 2.5%, increasing by 2.
Treasury Secretary Nominee Scott Bessent Defends Trump’s Tariffs Plan, Calls to Renew Tax Cuts
President-elect Donald Trump’s pick to run the Treasury Department does not expect the incoming president’s proposed tariffs to drive up inflation and says he is looking forward to helping extend the Trump tax cuts.
Trump, Tariff
Trump just gave his clearest picture yet of what new tariffs could look like
President Donald Trump has been talking about tariffs for so long that it feels like we know exactly what’s coming. But we kind of have no idea.
Factbox-All of Donald Trump's Tariff Threats
However, Trump's threats have changed over time, ranging from small levies to ones exceeding 200%, leaving other nations and businesses unclear of what is to come next. Here is a roundup of Trump's trade-related threats.
What could get more expensive under Trump’s tariffs?
It’s likely U.S. shoppers would see prices rise for a wide range of items, including food, gas, clothing, consumer electronics, jewelry, cosmetics, new cars and homes and good made by U.S. manufacturers using imported raw materials and equipment.
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Bessent defends tariffs in part by saying dollar will gain, but there's skepticism over that
When asked to defend Trump's tariff plans, Bessent said in part that the U.S. dollar could appreciate by 4% in response to a ...
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Bessent: Carbon tariffs could be part of an overall tariff program
President-elect Donald Trump's pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is ...
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Bessent: China Will Cut Prices In Response To Tariffs So They Can Continue To "Export Their Way Out Of Economic Malaise"
Scott Bessent told Sen. Ron Wyden, during his confirmation hearing to serve as Donald Trump's Treasury Secretary, he believes ...
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