Scott Bessent, Trump and tariff
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Japan is seeking talks between tariff negotiator Ryosei Akazawa and U.S. Treasury Secretary Scott Bessent when the U.S. official visits Japan for the World Expo next week, Yomiuri newspaper reported on Thursday citing Japanese government sources.
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Steep tariff rates are set to go back into effect after a 90-day pause on the April 2 rates that rocked the stock market.
Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections accelerate from President Donald Trump's trade campaign.
Japan is pushing to hold tariff negotiations with U.S. Treasury Secretary Scott Bessent during his upcoming visit to Osaka for the World Expo 2025, according to a Yomiuri report citing government sources.
U.S. Treasury Secretary Scott Bessent announced potential tariff collections of $300 billion by the end of 2025, following President Trump's trade measures. The Treasury has already seen substantial revenue growth,
Treasury Secretary Scott Bessent makes the case that Trump's tariffs have not caused inflation, or even significant price increases, during an interview on "FOX News Sunday." SHANNON BREAM: The most recent poll shows that 57% of Americans think tariffs will hurt the U.
The announcement represents a win for the administration, which has positioned tariffs as both a means of equalizing trade and raising revenue.