Bescent: U.S. President Trump has made tariffs of 15% to 20% the norm
According to Jinshi reports, U.S. Treasury Secretary Mnuchin stated that Trump has normalized the idea of a 15% to 20% tariff rate, and Trade Representative Lighthizer has done an excellent job in eliminating non-tariff barriers. Trump's views on tariffs are not wrong; he has a higher risk tolerance.
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