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Bessent To Tariffed Countries: ‘Do Not Retaliate’

by Sandra Rhodes
April 3, 2025 at 9:33 am
in Featured, News
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Bessent To Tariffed Countries: ‘Do Not Retaliate’

US Treasury Secretary Scott Bessent attends President Donald Trump's remarks on reciprocal tariffs during a so-called "Make America Wealthy Again" event in the Rose Garden of the White House in Washington, DC, on April 2, 2025. Trump unveiled a raft of punishing tariffs targeting countries around the world including some of its closest trading partners, in a move that risks sparking a ruinous trade war. Speaking in the White House Rose Garden against a backdrop of US flags, Trump slapped the most stinging tariffs on China and the European Union on what he called "Liberation Day." (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

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Treasury Secretary Scott Bessent offered some advice to countries getting slammed with tariffs from the Trump administration — “do not retaliate.”

Those words come on the heels of President Donald Trump announcing “Liberation Day” — a 10% “baseline tariff across the board and retaliatory tariffs on some of the country’s closest allies, who he says are taking advantage of the U.S.,” Fox News reported.

"My fellow Americans, this is Liberation Day. April 2, 2025, will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to Make America Wealthy Again." –President Donald J. Trump 🇺🇸🦅 pic.twitter.com/DrjnwK5Lwi

— The White House (@WhiteHouse) April 3, 2025

“My advice to every country right now is, do not retaliate, sit back, take it in, let’s see how it goes, because, if you retaliate, there will be escalation. If you don’t retaliate, this is the high water-mark,” Bessent said Wednesday in an interview with Fox News’s Bret Baier. 

The new tariff policy could go as high as 49%, per The Hill.

Mexico, Canada and China, are being hit with 25% tariffs. However, products under the United States-Mexico-Canada Agreement are exempt. 

“The tariffs will be not a full reciprocal. I could have done that, I guess,” Trump said. “But it would have been tough for a lot of countries.” 

Bessent said the goal is “long-term economic growth.”

“I say that what we are doing is, we’re setting the stage for long-term economic growth, that we were on our way to a financial crisis,” Bessent said. “I used to teach a history of financial crises. And with that gigantic government spending, it was unsustainable.”

“You look back in 1998, you look back in 2007, … it looked great right before everything collapsed,” Bessent said. “We have taken us off that trajectory and we are putting ourselves back onto a sound trajectory.” 

Tariffs for others include 20% on the European Union, 24% on Japan and 32% on Taiwan. 

LIBERATION DAY RECIPROCAL TARIFFS 🇺🇸 pic.twitter.com/ODckbUWKvO

— The White House (@WhiteHouse) April 2, 2025

“These tariffs will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated,” according to a release from the Trump administration, per Fox News.

Tags: Donald TrumppoliticsScott BessentTariffsU.S. News
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Sandra Rhodes

Sandra Rhodes

IJR, Contributor Writer She was a Story Editor for Indpendent Journal Review since November 2022 and has written for IJR since February 2024. She has been in the newspaper business in various capacities since 1998.

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