“The new US Finance Minister insists on the introduction of universal import tariffs of the Bessent, the newly appointed US Finance Minister, proposes to introduce universal import tariffs, starting with 2.5%. Tariffs plan to gradually increase monthly for business adaptation.”, – WRITE ON: Unn.ua
Writes UNN with reference to FT.
Finance Minister Donald Trump Scott Bessent insists on the introduction of new universal tariffs for American imports, which will take effect from 2.5% and gradually grow, four people familiar with this proposal.
The 2.5 percent fee will increase by the same amount monthly, giving businesses time to adapt.
The gradual introduction would be more moderate than immediate actions that some countries feared.
The proposal was received at the moment when the Trump team discusses how to implement tariff plans and the President has strengthened his tariff rhetoric, FT writes.
Reference
On Monday, the US Senate approved the billionaire and manager of Hedge Fund Scott Bessent by the Minister of Finance at the Presidential Administration Donald Trump. Scott Bessent was approved by the Senate of January 27, 2025 with 68 votes against 29.
During the recent hearings, the new head of the financial department emphasized the need for careful management of federal cash flows to avoid default and maintain economic stability.
The official advocated tariffs as tools to combat dishonest trade, and to increase government revenues and strengthen the United States positions in the international arena.
Bessent also rejected the fear that Trump’s policy is inflation, stating that Trump’s actions to increase oil production could reduce prices.
Recall
Canada Trudeau’s Prime Minister has stated that Canadian resources are needed for the Golden Age of America, not new tariffs. He warned the appropriate measures if the United States imposes restrictions on Canadian imports.
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