Bessent says Japan’s non-tariff trade barriers are quite high

Bessent is US Treasury Secretary Bessent

• Says he has not seen a trade offer from Japan
• Expects Japan to get priority in negotiations because they came forward early
• Japan’s non-tariff barriers are quite high
• We are at maximum tariff levels
• It is my hope that through good negotiations, tariff levels will come down for countries that don’t retaliate

Don’t count too much on Bessent’s opinions. He is just another one of Trump’s water boys. Only Trump makes policy.

For example … “we are at maximum tariff levels” … nope …. here is his boss, Trump, promising higher:

• if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%

This article was written by Eamonn Sheridan at www.forexlive.com.