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US Treasury Sec. Clarifies Tariff Pause Not Due to Stock Mkt Rout; Tariffs Are Trump's Negotiation Strategy
US Treasury Secretary Scott Bessent said that President Donald Trump's decision to put a pause on tariffs for 90 days was not due to a financial market rout, and that the broad...
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US Treasury Sec. Clarifies Tariff Pause Not Due to Stock Mkt Rout; Tariffs Are Trump's Negotiation Strategy
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US Treasury Secretary Scott Bessent said that President Donald Trump's decision to put a pause on tariffs for 90 days was not due to a financial market rout, and that the broad tariffs announced by Trump last week were a negotiation strategy to prompt over 75 countries to come to the negotiating table, US media reported.

Tariff pause was just a way to address the issue, and Trump wanted to personally engage in the subsequent negotiations, which was why the tariffs were put on pause for 90 days, Bessent added. Meanwhile, China was not granted a delay because it insisted on escalating tariffs.

Related NewsImports YoY for Apr in China is 0.8%, higher than the previous value of -4.3%. The forecast was -5.9%.

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