The U.S. may impose some tariffs by region rather than on individual countries, as time runs out to negotiate a laundry list of trade deals globally, Treasury Secretary Scott Bessent said Sunday.
Why it matters: The administration is quickly curtailing its 90-deals-in-90-days ambition, acknowledging the practical realities of trying to negotiate complex trade agreements with dozens of countries simultaneously.
Catch up quick: Earlier this week, President Trump told Middle Eastern business leaders that Bessent and Commerce Secretary Scott Lutnick would start to unilaterally advise some countries of their tariff rates in the next two to three weeks.
“But it’s not possible to meet the number of people that want to see us,” Trump said.
What they’re saying: Bessent, in an interview on CNN’s “State of the Union” Sunday, said the U.S. was focused primarily on making deals with a short list of key partners.
“My other sense is that we will do a lot of regional deals — this is the rate for Central America, this is the rate for this part of Africa — but what we are focused on for right now is the 18 important trading relationships,” Bessent said.
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I knew there was a reason why the Groupbot of arr neoliberal has unalived himself.
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The U.S. may impose some tariffs by region rather than on individual countries, as time runs out to negotiate a laundry list of trade deals globally, Treasury Secretary Scott Bessent said Sunday.
Why it matters: The administration is quickly curtailing its 90-deals-in-90-days ambition, acknowledging the practical realities of trying to negotiate complex trade agreements with dozens of countries simultaneously.
Catch up quick: Earlier this week, President Trump told Middle Eastern business leaders that Bessent and Commerce Secretary Scott Lutnick would start to unilaterally advise some countries of their tariff rates in the next two to three weeks.
“But it’s not possible to meet the number of people that want to see us,” Trump said.
What they’re saying: Bessent, in an interview on CNN’s “State of the Union” Sunday, said the U.S. was focused primarily on making deals with a short list of key partners.
“My other sense is that we will do a lot of regional deals — this is the rate for Central America, this is the rate for this part of Africa — but what we are focused on for right now is the 18 important trading relationships,” Bessent said.
—
I knew there was a reason why the Groupbot of arr neoliberal has unalived himself.
This is the dumbest shit on the earth