US Treasury chief sees 100 countries getting 10% reciprocal tariff
"We'll see how the President wants to treat those who are negotiating, whether he's happy that they're negotiating in good faith," Bessent told Bloomberg Television. "I think that we're going to see about 100 countries who just get the minimum 10 per cent reciprocal tariff and will go from there. So I think we're going to see a lot of action over the coming days," Bessent said.
The Trump administration is negotiating with more than a dozen trading partners to try to reach tariff-reducing agreements ahead of the deadline, including India, Japan and the European Union.
Trump on Wednesday announced an agreement with Vietnam that cuts U.S. tariffs on many Vietnamese goods to 20 per cent from his previously threatened 46 per cent, with many U.S. products entering Vietnam duty free.
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