Scott Bessent was a guest on CNBC’s “Squawk Box” on Wednesday. The Secretary of the Treasury was asked about Donald Trump’s announcement on February 21, when the president announced that he would raise the newly introduced 10 percent global tariff to 15 percent. Even though the president said he would do it immediately, it still hasn’t happened. In response, Bessent stated that the entry into force of the duty increase to 15 percent will take place “probably this week”.
Once he was commissioned to transport an envelope. Who orders air taxis?
The Treasury Secretary also said that within 150 days the Office of the United States Trade Representative and the Department of Commerce they will complete trade studies that will allow them to impose further tariffs – reports CNBC.
– I firmly believe that tariff rates will return to their previous levels within five months, Bessent said. – The changes are happening very slowly, but they are more permanent – he said, referring to the new paragraphs (sections 301 and 232 of the Trade Act), on the basis of which new tariffs are to be imposed in the future.
