Treasury’s Faulkender Sees Sub-April 2 Tariff Rates After Talks

Deputy Treasury Secretary Michael Faulkender said the expectation is that, following negotiations with US trading partners, tariffs won’t go back as high as the reciprocal levies that President Donald Trump announced on April 2.

“If you look at the tariff rates that we anticipate going forward as a result of our negotiations, they would come down signficiantly from what they were announced on April 2,” Faulkender said in an interview on Bloomberg Television.