US Treasury Secretary Scott Bessent explained tariffs could revert into the two April amounts – ten% on most imports moreover reciprocal retaliatory levies – if nations are unsuccessful to negotiate in superior faith. This marks a more durable stance as trade talks remain tense, stories the Money Moments.
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However, just every week later on, that optimism has been tempered as Moody’s downgraded the US sovereign credit rating ranking, reigniting problems over mounting federal government financial debt and lengthy-expression financial risks.