Treasury Secretary Scott Bessent says US has ‘70 negotiations lined up' on tariffs, downplays recession risks
1. Trump administration has 70 negotiations on tariffs underway with foreign governments. 2. JPMorgan's CEO warns a recession may result from the tariffs. 3. Bessent suggests negotiations may avoid tariffs escalation with allies. 4. China retaliates with 84% tariffs, escalating trade tensions further. 5. Concerns grow over potential inflation due to increased tariffs on goods.