Bessent Backtracks On Trump's Boast Of New Tariffs Without Negotiations—Latest Big Tariff Flip-Flop Since ‘Liberation Day'
1. Trump announced sweeping tariffs over several months affecting global trade. 2. Tariffs are aimed at balancing trade relationships, but faced many inconsistencies. 3. Market reactions varied drastically with announcements, impacting stock prices and investor sentiment. 4. The uncertainty around tariff rates complicates future trade negotiations and economic forecasts.