WASHINGTON: President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in “good faith” on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday.
He did not say what would constitute “good faith” negotiations or clarify the timing to announce any decisions to return a country to the various rates Trump initially imposed on April 2.
Trump has repeatedly reversed course since then, notably on April 9, when he lowered his tariff rates on most imported goods to 10 percent for 90 days to give negotiators time to hash out deals with other countries. He separately lowered the rate for Chinese goods to 30 percent. On Friday, he reiterated that his administration would send letters telling nations what their rates would be.
On Sunday, Bessent said the administration was focused on its 18 most important trading relationships and that the timing of any deals would also depend on whether countries were negotiating in good faith, with letters going out to those that did not.
“This means that they’re not negotiating in good faith. They are going to get a letter saying, ‘Here is the rate.’ So I would expect that everyone would come and negotiate in good faith,” he told NBC News’ “Meet the Press.”
He added that those countries that are notified would likely see their rates return to the levels set on April 2.
Asked when any trade deals could be announced, Bessent separately told CNN’s “State of the Union” program: “Again, it will depend on whether they’re negotiating in good faith.”
“My other sense is that we will do a lot of regional deals -this is the rate for Central America. This is the rate for this part of Africa,” he added.
Trump’s ongoing trade wars have severely disrupted global trade flows and roiled financial markets as investors grapple with what Bessent has called the Republican president’s “strategic uncertainty,” in his drive to reshape economic relationships in the US’ favor
Companies of all sizes have been whipsawed by Trump’s swift imposition of tariffs and sudden reversals as they seek to manage supply chains, production, staffing and prices. Congress is also grappling with the tariffs as it weighs revenues and tax cuts in its spending bill.
Walmart, the world’s largest retailer, last week said it would have to start raising prices later in May due to the high costs of tariffs, prompting Trump to slam the company for blaming the increases on his trade policies.
“Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING,” Trump posted online on Saturday.
Bessent said he had spoken to Walmart CEO Doug McMillon on Saturday and that the company would absorb some tariffs. Representatives for the retailer declined to comment.
“Walmart is, in fact, going to ... eat some of the tariffs,” Bessent told NBC. “I didn’t apply any pressure.”
Trump to carry out tariff threats if nations don’t negotiate in ‘good faith,’ US treasury chief warns
https://arab.news/972bx
Trump to carry out tariff threats if nations don’t negotiate in ‘good faith,’ US treasury chief warns
- Bessent: Notified countries likely to see April 2 rates return
- Says Trump administration was focused on its 18 most important trading relationships
Bill Clinton says he ‘did nothing wrong’ with Epstein as he faces grilling over their relationship
- “I saw nothing, and I did nothing wrong,” the former Democratic president said
- The closed-door deposition in Chappaqua, New York, marks the first time a former president has been compelled to testify to Congress
WASHINGTON: Former President Bill Clinton told members of Congress on Friday that he “did nothing wrong” in his relationship with Jeffrey Epstein and saw no signs of Epstein’s sexual abuse as he faced hours of grilling from lawmakers over his connections to the disgraced financier from more than two decades ago.
“I saw nothing, and I did nothing wrong,” the former Democratic president said in an opening statement he shared on social media at the outset of the deposition.
The closed-door deposition in Chappaqua, New York, marks the first time a former president has been compelled to testify to Congress. It came a day after Clinton’s wife, former Secretary of State Hillary Clinton, sat with lawmakers for her own deposition.
Bill Clinton has also not been accused of any wrongdoing. Yet lawmakers are grappling with what accountability in the United States looks like at a time when men around the world have been toppled from their high-powered posts for maintaining their connections with Epstein after he pleaded guilty in 2008 to state charges in Florida for soliciting prostitution from an underage girl.
“Men — and women for that matter — of great power and great wealth from all across the world have been able to get away with a lot of heinous crimes and they haven’t been held accountable and they have not even had to answer questions,” said Republican Rep. James Comer, the chair of the House Oversight Committee, before the deposition began Friday.
Hillary Clinton told lawmakers Thursday that she had no knowledge of how Epstein had sexually abused underage girls and had no recollection of even meeting him. But Bill Clinton will have to answer questions on a well-documented relationship with Epstein and his former girlfriend Ghislaine Maxwell, even if it was from the late 1990s and early 2000s.
Bill Clinton in his opening statement said that he would likely often tell the committee that he did not recall the specifics of events from more than 20 years ago. But he also expressed certainty that he had not witnessed signs of Epstein’s abuse.
During a break after two hours of questioning, Democratic lawmakers said that Bill Clinton had tried to answer every question and had not invoked his Fifth Amendment right against self-incrimination.
Still, Republicans were relishing the opportunity to scrutinize the former Democratic president under oath.
“No one’s accusing anyone of any wrongdoing, but I think the American people have a lot of questions,” Comer said.
Republicans finally get a chance to question Bill Clinton
Republicans have wanted to question Bill Clinton about Epstein for years, especially as conspiracy theories arose following Epstein’s 2019 suicide in a New York jail cell while he faced sex trafficking charges.
Those calls reached a fever pitch late last year when several photos of the former president surfaced in the Department of Justice’s first release of case files on Epstein and Maxwell, a British socialite who was convicted of sex trafficking in December 2021 but maintains she’s innocent. Bill Clinton was photographed on a plane seated alongside a woman, whose face is redacted, with his arm around her. Another photo showed Clinton and Maxwell in a pool with another person whose face was redacted.
Epstein also visited the White House several times during Clinton’s presidency, and the pair later made several international trips together for their humanitarian work. Comer claimed the committee has collected evidence that Epstein visited the White House 17 times and that Bill Clinton flew on Epstein’s airplane 27 times.
Democratic lawmakers said they also posed tough questions to Bill Clinton about his relationship with Epstein and Maxwell.
“We are only here because he hid it from everyone so well for so long,” Bill Clinton said in his opening statement. “And by the time it came to light with his 2008 guilty plea, I had long stopped associating with him.”
Comer pledged extensive questioning of the former president. He claimed that Hillary Clinton had repeatedly deferred questions about Epstein to her husband.
Bill Clinton went after Comer for calling his wife before the committee, telling him that “including her was simply not right.”
The committee was working to quickly publish a transcript and video recording of her deposition.
Has a precedent been set?
Democrats, who have supported the push to get answers from Bill Clinton, are arguing that it sets a precedent that should also apply to President Donald Trump, a Republican who had his own relationship with Epstein.
“I think that President Trump needs to man up, get in front of this committee and answer the questions and stop calling this investigation a hoax,” said Rep. Robert Garcia, the top Democrat on the committee, on Friday.
Comer has pushed back on that idea, saying that Trump has answered questions on Epstein from the press.
Trump on Friday expressed remorse at Bill Clinton being forced to testify. “I like Bill Clinton, and I don’t like seeing him deposed,” he told reporters as he departed the White House en route to Corpus Christi, Texas.
Democrats are also calling for the resignation of Trump’s Commerce Secretary Howard Lutnick. Lutnick was a longtime neighbor of Epstein in New York City but said on a podcast that he severed ties with Epstein following a 2005 tour of Epstein’s home that disturbed Lutnick and his wife.
The public release of case files showed that Lutnick actually had two engagements with Epstein years later. He attended a 2011 event at Epstein’s home, and in 2012 his family had lunch with Epstein on his private island.
“He should be removed from office and at a minimum should come before the committee,” Garcia said of Lutnick.
Republican Rep. Nancy Mace questioned Hillary Clinton about Lutnick’s relationship to Epstein during the deposition on Thursday. On Friday morning, Mace joined in calling for the commerce secretary to come before the committee.
“I believe we will have the votes to subpoena him,” Democratic Rep. Ro Khanna said.
