US Treasury Secretary Bessent says nothing has changed on tariff revenue and trade deals; The tariff collection is closer to USD 130bln, probably not USD 175bln
Bessent's remarks highlight a stable outlook on tariff revenue, suggesting that expectations of heightened collections may be overestimated.
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US Treasury Secretary Bessent says inflation is still too high, but is moving toward the Fed's target
US Treasury Secretary Bessent says nothing has changed on tariff revenue and trade deals; The tariff collection is closer to USD 130bln, probably not USD 175bln
All countries with trade agreements now drop to a 10% tariff, and the 10% rate applies until new authorities and processes kick in, according to CNBC citing a White House official
Newsquawk US Market Wrap: Stocks bid as SCOTUS strikes down Trump IEEPA tariffs
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- Will get back to same tariff level for countries, and it will be less direct.
- Thinks that every country will honour the trade deals.
- Would call on all countries to honour their agreements and move forward.
This could signal continuity in trade relations, yet the implication of closer to USD 130 billion could affect market sentiments around USD strength and commodity pricing as it suggests less government revenue than anticipated. The emphasis on trade deal adherence may support risk-on sentiment, but any deviation could create volatility in related assets.
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