CNN cited the reason for the suspension of US import duties on 75 countries.
The reason why US President Donald Trump suspended the introduction of "reciprocal" duties against 75 countries for 90 days is the concern of US Treasury Secretary Scott Bessent. This was reported on April 9 by CNN, citing informed sources.
The article says that the concern of the head of the Ministry of Finance is related to various market shocks, in particular, with an active sale in the US Treasury securities market.
It is clarified that Bessent reported his concerns directly to Trump at a meeting held before the announcement of the relevant decision. Then he stressed that his concern was shared by other officials dealing with economic issues in the White House.
U.S. Treasury securities are considered the safest instrument on the market. Investors from all over the world invest in them because they are confident that the US economy is strong, which means their money will not be exposed to various risks.
Now that the duties imposed by the American leader have forced other countries to question the strength of alliances with Washington, the rapid sale of "safe" securities has raised concerns that not only politicians, but also financial markets have begun to experience uncertainty about the stability of the American system, the publication concluded.
On April 2, Trump announced large-scale trade measures: base tariffs of 10% are being introduced for all products supplied to the United States. For the EU, this figure has been raised to 20%, and for China — to 34%.
Later, on April 9, the American leader announced that the United States would immediately raise trade duties on China to 125%. He also added that more than 75 countries have summoned US representatives for trade talks, so Trump is reducing the mutual tariff of 10% for this period.
On the same day, the Chinese authorities, in turn, decided to raise duties on imported goods from the United States to 84% as a mirror measure.
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