Treasury Secretary Scott Bessent to Yahoo Finance: Not all tariff deals will be done in 90 days [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Completing tariff deals with major countries may take longer than the 90-day pause the Trump administration instituted last week. "Let's set aside China. There are 15 large trading partners. We set aside China. There are 14, and we're in rapid motion and setting up a process for the 14 largest trading partners, most of whom have very large deficits. So, in 90 days, are we going to have a complete doc, a formal legal document done and dusted? Not likely," US Treasury Secretary Scott Bessent told Yahoo Finance Tuesday in an exclusive interview. "But I think if we follow the process, we could have substantial clarity on those 14 away from China in terms of agreements in principle. And then once we reach a level that we've agreed on and they've agreed to lower their tariffs, lower their non tariff barriers, currency manipulation, and subsidies of industry and labor, then I think we can move forward," he continued. On April 9, the Trump administration announced a 90-day pause on all
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