Finance Minister Scott Bessent gave a three-word reply to countries who hope to respond on Wednesday Extensive tariffs in the United States: “Don’t take revenge.”
President Donald Trump announced a comprehensive 10% benchmark tariff in his self-described “Liberation Day” and retaliated against some of the country’s closest allies, saying he is taking advantage of the U.S.
Some of these notable tariffs are 34% in China, 20% in the EU, 24% in Japan and 32% in Taiwan.
China slams “arbitrary tariffs” and vows to retaliate against us
U.S. President Donald Trump commented on reciprocity tariffs in a Rose Garden held in the White House in Washington, D.C. on April 2, 2025. (Gate image)
this Tariffs to China Due to the existing 20% tariff, it has increased to 54%.
Which countries impose the highest tariffs on the United States?
“My advice to every country now is not to retaliate. Sit down and take it away and let’s see how it develops. Because if you retaliate, it will escalate.” “If you don’t retaliate, that’s the high water mark.”
Among the tariff lists in Mexico, Canada, Russia and Belarus, it is worth noting.
Bessent says the United States doesn’t Russia or Belarus Because they were approved.
The photo taken on April 12, 2023 shows the Russian flag at the top of the Russian Central Bank headquarters in the center of Moscow. (Photo by Kirill Kudryavtsev/AFP ((kirill kudryavtsev/afp through Getty image))
However, the Office of the United States Trade Representative Discovered in 2024 The total amount of commodity transactions between the United States and Russia is estimated to be US$3.5 billion.
In 2024, the U.S. exports to Russia were US$526.1 million, down 12.3% from 2023, with US goods Imported from Russia According to government agencies, the total was $3 billion in 2024, a 34.2% decrease from 2023.
The White House announced that the 10% benchmark tariff will take effect on Saturday and the personal reciprocity tariff will take effect on April 9.
“These tariffs will remain in effect until President Trump determines that the threat posed by the trade deficit and potential non-registered treatment is met, addressed or mitigated,” he said. Read Version Partly from the Trump administration.
WASHINGTON, D.C. – April 2: U.S. President Donald Trump speaks at the trade announcement event “Make America Rich Again” held at the White House Rose Garden in Washington, D.C. on April 2, 2025. Trump touted the event as a “liberation day” and announced more tariffs on goods imported to the United States (photo by Chip Somodevilla/Getty Images) (Gate image)
Bessent told Fox News chief political host Bret Baier that the tariffs are aimed at laying the foundation for long-term economic growth.
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“We restored ourselves to a sound trajectory,” he said.
The finance minister added that Congress is working to pass a tax law as the government tries to make Trump’s tax cuts in 2017 Eternal.
“The sooner we get tax certainty, the sooner we can lay the foundation for growth,” Bessent said.
