Besent affirmed to the “State of the Union” program of CNN that the Government will also send letters to 100 smaller countries with which Washington does not have much trade, notifying them that they will face higher tariffs established for the first time on April 2 and then suspended until July 9.
“President Trump is going to send letters to some of our commercial partners saying that, if things do not advance, then on August 1 they will return to his tariff level on April 2. So I think we are going to see many agreements very quickly,” Besent said.
After assuming the position, Trump triggered a World Trade War that shook financial markets and made the authorities rush to protect their economies, even through agreements with the United States and other countries.
April 2, TRump announced a 10% basic tariff and additional amounts for most countries, some of up to 50%. The news shook the financial markets, which led the president to suspend all the levies except the base rate of 10% for 90 days – until July 9 – to give more time to the negotiations to ensure agreements, but the process has proven to be more difficult than expected.
BessenT denied that August 1 is a new deadline for negotiations. “We are saying that this is when it will happen. If you want to accelerate things, do it. If you want to return to the previous rhythm, there you,” he said.
Donald Trump Scott Besent
Besent, in charge of giving Trump’s “bad news” to countries
Gentileness ABC
Donald Trump’s threat to countries to avoid higher tariffs
In an interview in the “Face the Nation” program of the CBS, Kevin Hasett, which directs the National Economic Council of the White House, offered a certain margin of maneuver to countries that are embarked on serious negotiations.
“The United States is always willing to talk to all about everything that happens in the world“He said.” There are deadlines, and there are things that are close, so perhaps things are delayed beyond the deadline, “he said, adding that Trump will decide if that can happen.
Stephen Miran, president of the White House Economic Advisors Council, told the “This Week” program of ABC News that Countries must make concessions to obtain smaller tariffs.
“I hear good things about conversations with Europe. I hear good things about conversations with India,” Look said. “And therefore, I would expect several countries that are in the process of making these concessions (…) to see their extended date.”
Besent said in CNN that the Trump administration It is focused on 18 important commercial partners that represent 95% of the United States trade deficit. However, he said that there has been “much delay” among countries to end trade agreements. He refused to appoint countries close to a commercial agreement, “because I don’t want them to release the hook.”
Trump has said several times that India is close to signing an agreement and has expressed his hope that one can be sealed with the European Union, while questioning a pact with Japan.
Hasset told CBS News that the framework agreements already reached with the United Kingdom and Vietnam could provide guidelines for other countries looking for commercial agreements with Washington. They look described the agreement with Vietnam as “fantastic”, adding that “it is extremely unilateral. We managed to apply a significant tariff to Vietnamese exports. They are opening their markets to ours, applying a zero tariff to our exports.”
Trump said Friday that countries that do not offer concessions could see how their tariffs shoot up to 70%, but did not offer details. Asked about this lien, Besent referred to the list of April 2, but it did not include such high rates.
Source: Ambito

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