Donald Trump’s reversal on tariffs Wednesday afternoon seems to have caught his administration off guard. The president announced on Truth Social that tariffs would return to a baseline 10 percent level in most countries, while staggering 125 percent duties would be imposed on China. But his own officials couldn’t explain why. When a reporter asked Treasury Secretary Scott Bessent if he could, he replied, “No.” “Again, President Trump created maximum leverage for himself,” Bessent said, adding,

Tag-uri: Donald Trump