Bessent announced the introduction of a 10% US duty on about 100 countries.

The United States will impose a 10% customs duty on countries negotiating in good faith with Washington. This was announced on July 3 by Treasury Secretary Scott Bessent in an interview with Bloomberg TV.

"I think we will see about 100 countries that will just receive the minimum 10% reciprocal duties, and we will move on," he said.

According to Bessent, a "flurry" of US transactions with other countries is expected before July 9.

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