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Scott Bessent warns of maximum tariffs as US takes tougher line on trade talks

Treasury secretary says rates will jump to the high levels set on ‘liberation day’ if countries do not negotiate

The US says it will impose the maximum tariffs it has threatened against countries that do not negotiate “in good faith” as it strikes a more aggressive tone in trade talks.

Treasury secretary Scott Bessent on Sunday said that tariff rates would go back to the levels that President Donald Trump announced on April 2, when he declared his intention to “liberate” the US from an unfair trade system. 

Countries would receive letters from Bessent outlining those maximum tariff rates if “they’re not negotiating in good faith”, the Treasury secretary told NBC. 

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