The US Treasury Secretary: Some countries are negotiating in good faith, but may still face higher tariffs
On June 30 local time, US Treasury Secretary Bessen stated in an interview with Bloomberg that there is still a chance for countries to reach a trade agreement with the US before July 9, which is the deadline set by Trump for the "reciprocal tariff moratorium." He expects a batch of countries will reach an agreement with the US. He also said that although some countries are negotiating with us in good faith, they should realize that if their stubborn attitude leads to the failure of the negotiations, we may resume the tariff levels from April 2. I hope this situation does not happen.
This statement by Bessen is undoubtedly a continuation of Trump's extreme pressure strategy. Previously, Trump said that there was no need to extend the tariff moratorium period. The so-called "negotiating in good faith, but still facing higher tariffs" essentially means that even if you negotiate in good faith, if you do not make enough concessions to the US, the US will still impose high tariffs on you.
In my opinion, this is purely US rhetoric to intimidate people. What is considered a good attitude? What is considered a bad attitude? In fact, it all depends on whether any country proactively yields. As long as you are firm and everyone resists the US together, Trump will find it difficult to cause much trouble.
Original text: https://www.toutiao.com/article/1836368494062601/
Statement: This article only represents the views of the author.