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Trump Administration Pursues Trade Deals Amid Tariff Pause

4/10/2025

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Summary

Story summary

President Trump’s administration is gearing up to negotiate trade deals with more than 75 countries following a 90-day tariff pause. Treasury Secretary Scott Bessent stressed the importance of tailored solutions and cautioned against retaliation. As the U.S. seeks to unite against China, he reassured the public, dismissing recession worries with confidence in the robust economy.

History

Historical Context

President Trump's administration's push for trade deals with over 75 countries follows a long history of U.S. protectionist policies. Historically, tariffs have been used to shield domestic industries, notably during the Smoot-Hawley Tariff Act of 1930, which exacerbated the Great Depression. Similar to past trade wars, Trump's tariffs aim to counter perceived threats from China, risking retaliatory measures and economic instability.

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Story summary

President Trump’s administration is gearing up to negotiate trade deals with more than 75 countries following a 90-day tariff pause. Treasury Secretary Scott Bessent stressed the importance of tailored solutions and cautioned against retaliation. As the U.S. seeks to unite against China, he reassured the public, dismissing recession worries with confidence in the robust economy.

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