US EditionBessent defends Trump's 'strategic uncertainty,' says certainty 'not necessarily a good thing in negotiating'
- On April 27, 2025, US Treasury Secretary Scott Bessent defended President Trump's tariff policy as a tool creating strategic uncertainty in trade negotiations.
- Bessent explained that Trump uses strategic uncertainty to gain leverage by not revealing negotiation endpoints, a tactic rooted in game theory.
- The tariff policy includes 10% tariffs on most partners and levies up to 145% on Chinese products, with China responding by imposing 125% tariffs on US goods.
- Bessent noted that dozens of countries face a 90-day July deadline to reach agreements with the US, while negotiations remain close especially with Asian allies like Japan and South Korea.
- The strategic uncertainty caused market volatility but may narrow as deals emerge, although some officials warn against over-negotiating and losing momentum.
19 Articles
19 Articles
Bessent defends Trump's 'strategic uncertainty,' says certainty 'not necessarily a good thing in negotiating'
Treasury Secretary Scott Bessent said Tuesday that the economic uncertainty upending global financial markets is a tool President Donald Trump can use as he negotiates tariffs and trade deals
Trump tariffs reap record revenues
by WorldTribune Staff, April 28, 2025 Real World News The United States in April has collected more revenue from tariffs and excise taxes than any month in American history. U.S. Customs duty collections have skyrocketed more than 60% this month, according to newly released Treasury Department data. As the first wave of President Donald Trump’s […]
US Treasury Secretary: US maintains 'strategic uncertainty' over tariffs
US Treasury Secretary Scott Bessent on Sunday defended President Donald Trump's tariff policy, which is shaking the global economy, as a means of creating "strategic uncertainty" designed to give the United States an advantage, AFP reports, as reported by Agerpres.
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