U.S. Treasury Secretary: If countries do not reach a trade agreement with the U.S., tariffs will restore to "reciprocal" levels.

[US Treasury Secretary: If countries do not reach trade agreements with the US, tariffs will return to “reciprocal” levels] US Treasury Secretary Scott Basinger stated on Sunday that if countries do not reach trade agreements during the 90-day tariff suspension period, tariff rates will quickly return to “reciprocal” levels. “President Trump has warned them that if they do not negotiate in good faith, tariffs will rise back to the levels of April 2,” Basinger said on the program. Basinger revealed that the US is focusing on finalizing agreements with 18 “important” trade partners but did not specify the exact pace at which tariffs would revert to “reciprocal” rates.