Scott Bessent says tariff rates will return to ‘reciprocal’ levels if countries don’t reach trade deals with US

Tariff rates will soon return to a “reciprocal” level if countries don’t reach trade agreements during the 90-day pause, Treasury Secretary Scott Bessent said Sunday. “President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April 2 level,”...