Treasury Secretary Scott Bessent applauded President Donald Trump for his courage and “staying the course,” following his announcement of a 90-day pause on reciprocal tariffs.
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TechTranscript
00:00We saw the successful negotiating strategy that President Trump implemented a week ago today.
00:06It has brought more than 75 countries forward to negotiate.
00:11It took great courage, great courage, for him to stay the course until this moment.
00:16And what we have ended up with here, as I told everyone a week ago in this very spot,
00:25do not retaliate and you will be rewarded.
00:28So every country in the world who wants to come and negotiate, we are willing to hear you.
00:36We're going to go down to a 10% baseline tariff for them.
00:41And China will be raised to 125 due to their insistence on escalation.