Scott Bessent recommends not to respond to new US tariffs by retaliation. Trump introduces 20 % duty on EU goods and higher rates to other countries.
US Finance Minister Scott Bessent warned business partners that any retaliation for new duties by the White House would only lead to further escalation. AFP reported on Thursday night.
“My advice for every country is not to take retaliatory measures now,” Bessent told Fox News after US President Donald Trump has announced reciprocal duties.
Warning of escalation
“Relax, accept the blow and wait for the situation to develop. Because if you take retaliatory measures, it will increase,” Bessent warned.
Trump announced on Wednesday that it would impose 20 % duties on goods imported from the European Union. He announced them along with other duties to other countries of the world. In addition, from Thursday, 25 % CLO will start to import foreign cars.
The new duties that US President Donald Trump announced on Wednesday in Washington will start to apply in the coming days: the “basic” 10 % rate will start to apply at 12.01 local time (05.01 h CES), while higher rates will apply from 9 April at 12.01 h.
Height so -called. The reciprocal duties of Trump presented the audience in the pink garden of the White House on a clear board. From these data eg. It follows that duties to import all the EU goods will be 20 percent. CLO for goods from China will be 34 percent, from Japan 24 percent, from South Korea 25 percent, from Switzerland 30 percent, from Britain, Australia and Turkey for 10 percent, Taiwan 32 percent and 26 percent to India goods. The goods from Israel and the United Arab Emirates will be 17 % duty.
