If you don’t move things along, then on August 1 you will boomerang back to your April 2 tariff level.
Scott Bessent
The Public Record
U.S. Secretary of the Treasury in the Trump administration; hedge-fund manager and founder of Key Square Group.
Canada has this digital services tax. And several other countries do too. We disagree, and we think that they discriminate against U.S. companies.
As President Trump promised, the Treasury Department and the State Department are implementing authorizations to encourage new investment into Syria.
if we can’t get across the line because they are being recalcitrant, tariffs could still spring back
President Donald Trump is open to reverting back to April 2 massive 'reciprocal' tariff levels.
Now our tariffs are 30[%] on them. We’re at 10[%]. We’re collecting a substantial tariff income.
If we can ink 10 or 12 of the important 18 [tentative tariff deals], I think we could have trade wrapped up by Labor Day.
By reversing the Biden Administration’s unwise commitments, we are now protecting our Nation’s authority to enact tax policies that serve the interests of American businesses and workers.