‘Sit back and take it in’ – US treasury to tariff-hit nations

Secretary Scott Bessent has urged American trading partners not to retaliate against Washington’s new import taxes

US Treasury Secretary Scott Bessent has urged Washington’s trading partners not to retaliate against President Donald Trump’s latest set of tariffs.

Trump on Wednesday announced reciprocal tariffs on exports from countries around the world, part of what he has branded his ‘Liberation Day’ plan, raising fears of a global trade war.