Can Trump reach tariff deals with US allies? US Treasury Secretary drops a big hint

The Donald Trump administration can reach tariff deals with US allies, US Treasury Secretary Scott Bessent said. His comments come at a time when Trump's tariffs have spooked the global market and has escalated tensions of a global trade war. Market sentiment soured further after China announced it would impose an 84% tariff on all US goods — a steep increase from previous levels — in response to newly enacted American tariffs.