Treasury Secretary Bessent Urges Nations to Refrain from Retaliation Amid New Tariff Announcement

Treasury Secretary Bessent Urges Nations to Refrain from Retaliation Amid New Tariff Announcement

Treasury Secretary Scott Bessent delivered a clear message to nations considering a response to the United States’ recent implementation of comprehensive tariffs. His straightforward advice was simply this: “Do not retaliate.” This statement came in light of President Donald Trump’s announcement during what he dubbed “Liberation Day,” where a sweeping 10% baseline tariff was revealed, alongside retaliatory tariffs aimed specifically at key allies.

Under the newly announced tariffs, countries face significant financial repercussions. China, for example, will be subject to a staggering 34% tariff, while the European Union faces a 20% tariff, Japan 24%, and Taiwan 32%. These measures mark a substantial shift in trade relations and reflect ongoing tensions in the global economic landscape.

Escalation Concerns Raised by Bessent

Bessent explained further during an interview on