Treasury Secretary, Scott Beastin, is discussing President Donald Trump as he signs a mutual tariff plan, the vice president to threaten Russia with sanctions, a possible economic partnership agreement with Ukraine and government spending.
Less than one day after President Donald Trump registered on the mutual tariff plan, the Treasury Secretary of Administration closed any economic concerns about the state of global trade.
“President Trump is serious about negotiating an exclusive interview on “Morning with Maria” Friday.
“As we learned with President Trump, you must take it in his word. This is not theater.” “The deadline on April 1 is for a study by the Ministry of Commerce on the global definitions that apply to the United States products to the country.”
On Thursday, Trump announced a plan for the United States to consider Implementing “mutual” definitions Against countries that limit markets or reduce American goods. Trump said he did not expect any exemptions or exemptions for the plan, which could apply to both opponents and allies.
The United States warns that Trump plays a dangerous tariff game despite his “strong” agenda.
A White House official said that the candidate of trade Secretary Howard Lootnick and the American Trade Representative will present a report that explains in detail the customs tariff on the basis of each country separately. Studies will be completed by April 1.
US Treasury Secretary Scott Besent discussed global trade plans and Trump’s tariff plans about “Al -Sabah with Maria” on Friday. (Getty Images)
The official added that the director of the administration and budget office (OMB), Ross Fair, will have 180 days to submit a report that holds any financial effects.
This comes a few days after the Trump administration announced 25 % on Steel and aluminum importsAnd 10 % is a comprehensive tariff for China last week.
“We will reach the equivalent of the index, what I call a mutual indicator, the country by country, distinct definitions, other than fire, commercial barriers and currency treatment,” explained Paystint.
“I expect to get this report and we will see how our commercial partners choose to respond. But I can tell you that if I need that, it will implement it,” the treasury minister added. “As he said in the interview yesterday, this could be a great source of revenue for the American government.”
US Treasury Secretary Scott Beesen addresses the economic and financial goals of President Donald Trump during his first interview on “Kodlow” since he joined the administration.
Bessent also responded to widespread criticism from some economists and market experts that the customs tariff may exacerbate inflation and Create additional costs For consumers.
“I think this is a simplified and reduced view. It is a typical of ancient thinking, which is why the United States has benefited from the United States for years and years. This is why our products are not allowed …”.
“Everything that President Trump wants is for American companies to have a frictional trade. I will stand behind American manufacturers to create the best products at the best price. They can sell anywhere in the world without these barriers.”
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Peter Navarro, the chief consultant of the White House for Trade and Manufacturing, emphasizes the economic importance of Buju and President Donald Trump’s mutual definition in “Evening Editing”.
According to the best director in America, revenues due from customs tariffs depend only on the cooperation of commercial partners.
“The matter will depend on the responses of our commercial partners, the extent of their speed, and the extent of their doing so over time.” “But I can tell you that this may be very large if they do not want to reduce the customs tariff because we will match it, by a percentage, in dollars against the dollar.”
Fox Business Greg Norman contributed to this report.
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