By Tali Arbel
Treasury Secretary Scott Bessent said President Trump thinks trade-deal proposals from the European Union "have not been of the same quality" as those from other trading partners.
"The 90-day pause on the April 2nd tariffs was based on countries or trade blocks coming to us and negotiating in good faith," Bessent said Friday morning on Fox News, shortly after Trump threatened to impose a 50% levy on imports from the EU.
"I would hope that this would light a fire under the EU," Bessent said.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
May 23, 2025 09:40 ET (13:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.