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US Shifts to Region-Based Tariffs Amidst Trade Deal Deadlines
US Treasury Secretary Scott Bessent announced a shift from country-specific to region-based tariffs due to time constraints in negotiating individual trade deals, focusing on 18 key trading partners and threatening to re-impose a baseline 10% tariff if negotiations fail.
US Shifts to Region-Based Tariffs Amidst Trade Deal Deadlines
US Treasury Secretary Scott Bessent announced a shift from country-specific to region-based tariffs due to time constraints in negotiating individual trade deals, focusing on 18 key trading partners and threatening to re-impose a baseline 10% tariff if negotiations fail.
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