US Treasury's Bessent says Trump has leverage with tariff rates
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FILE PHOTO: U.S. Treasury Secretary Scott Bessent attends a meeting between President Donald Trump and Philippine President Ferdinand Marcos Jr., in the Oval Office at the White House in Washington, D.C., U.S., July 22, 2025. REUTERS/Kent Nishimura/File p
WASHINGTON (Reuters) -U.S. President Donald Trump has created a lot of leverage on trade with his letters on tariff rates, U.S. Treasury Secretary Scott Bessent told Bloomberg Television in an interview on Wednesday.
"President Trump is creating this leverage by saying: if you don't want to negotiate with me, I've sent you a letter with a high rate. Have at the high rate or come and negotiate in better fashion," Bessent said.
(Reporting by Susan Heavey; Editing by Andrew Heavens)
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