(9 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Washington, DC – 9 April 2025
1. US Treasury Secretary Scott Bessent walks up to microphones on the White House driveway
2. SOUNDBITE (English) Scott Bessent, U.S. Treasury Secretary:
"Good, thank you. And we saw the successful negotiating strategy that President Trump implemented a week ago today. It has brought more than 75 countries forward to negotiate. It took great courage, great courage for him to stay the course until this moment. And what we have ended up with here, as I told everyone a week ago in this very spot, do not retaliate and you will be rewarded. So every country in the world who wants to come and negotiate, we are willing to hear you. We’re going to go down to a 10% baseline tariff for them, and China will be raised to 125 due to their insistence on escalation."
++BLACK BETWEEN SOUNDBITES++
3. SOUNDBITE (English) Scott Bessent, U.S. Treasury Secretary:
"I’m not calling it a trade war, but I am saying that China has escalated. And President Trump responded very courageously to that, and we are going to work on a solution with our trading partners."
4. SOUNDBITE (English) Karoline Leavitt, White House press secretary:
"Excuse me, if I could just add to what the secretary said, many of you in the media clearly missed the art of the deal. You clearly failed to see what President Trump is doing here. You tried to say that the rest of the world would be moved closer to China, when in fact we’ve seen the opposite effect. The entire world is calling the United States of America not China, because they need our markets, they need our consumers, and they need this president in the Oval Office to talk to them. And that’s exactly why more than 75 countries have called, because the United States of America is the best place in the world to do business, and as the president has shown great courage, as the secretary has said, in choosing to retaliate against China even higher."
++ENDS ON A SOUNDBITE++
STORYLINE:
US Treasury Secretary Scott Bessent says President Donald Trump will keep a 10 percent baseline tariff on most countries except China.
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.
Treasury Secretary Scott Bessent told reporters that Trump was pausing his so-called ‘reciprocal’ tariffs on most of the country’s biggest trading partners, but maintaining his 10% tariff on nearly all global imports. Imports tariffs on goods from China, though, would surge to 125% “effective immediately” Trump said on social media.
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