Scott Bessent

U.S. tariffs on European goods threaten consumers on both sides of the Atlantic

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U.S. tariffs on European goods threaten consumers on both sides of the Atlantic

The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic. President Trump said on social media this weekend that he would start sending tariff … Read more

U.S. to apply increased pressure on trade deals, warns higher tariffs could roll out Aug. 1

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U.S. to apply increased pressure on trade deals, warns higher tariffs could roll out Aug. 1

The White House is set to put pressure on the U.S.’s trading partners this week to sign new tariff deals, with the hope that they will be finalized before a Wednesday deadline. The Trump administration is expected to send dozens of letters to countries that have not made a trade deal, warning them that higher … Read more