Bessent: Trump might be to let things settle for awhile rather than negotiate tariffs

• I would advise none of the countries to retaliate as these numbers are high-end
• We can see if there is a different floor (from those announced)
• The mindset from Trump might be to let things settle for awhile
• Says he has no plans to travel to China
• I’m not a part of the negotiations so we will see if there are any before April 9

To be honest, it sounds like he was sidelined in this and he sounded rattled. He didn’t have any info and didn’t even know what the tariff rates were on Mexico and Canada.

This article was written by Adam Button at www.forexlive.com.