U.S. Treasury Secretary warns: Tariffs may rise back to April 2 levels

Odaily Planet Daily News U.S. Treasury Secretary Bessant warned America's trading partners not to extend trade talks, saying that if no progress is made, tariffs could rise back to April 2 levels. Bessant revealed that he would meet with EU negotiators today. When asked about the outcome of the discussion, he simply said, "We'll see what happens with the EU." On the issue of U.S. debt, Bessant expressed confidence in market demand. He said "there is a lot of demand for U.S. Treasuries," and demand for U.S. Treasuries at home and abroad remains strong. He described the debt management process as "orderly." Bessant also commented on interest rates, suggesting that "two-year Treasury bonds tell you that overnight interest rates are too high" and that "inflation expectations should fall back." He criticized the Federal Reserve, saying that the committee's judgment "seems a little biased." Regarding the operation of the Federal Reserve, Bessant said that "it is good for the Federal Reserve to control spending" and that he hopes to "see the Federal Reserve reasonably adjust the size of the budget." When asked if he wanted Federal Reserve Chairman Powell to resign, Bessant declined to give a specific response. He noted that there are "a lot of strong candidates for Federal Reserve Chairman" and mentioned the possibility of "filling two Federal Reserve board positions next year." (Golden Ten)