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Scott Bessent, U.S. President-elect Donald Trump's secretary of treasury.

REUTERS/Kevin Lamarque/File Photo

Trump vs. the Treasury on tariffs

Is US President Donald Trump already at odds with his cabinet picks? Rather than impose high tariffs on select countries all at once, US Treasury Secretary Scott Bessent has suggested that Washingtonlevy universal 2.5% tariffs on all US imports and gradually raise them, giving businesses time to adjust and countries time to negotiate.

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