Bessent warns some steep ‘liberation day’ tariffs may return, dismisses Moody’s downgrade

U.S. Treasury Secretary Scott Bessent warned Sunday that some of America’s trading partners could soon face a sharp hike in tariff rates, and dismissed Moody’s downgrade of the U.S. government’s credit rating.

May 18, 2025 - 21:28
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Bessent warns some steep ‘liberation day’ tariffs may return, dismisses Moody’s downgrade
U.S. Treasury Secretary Scott Bessent warned Sunday that some of America’s trading partners could soon face a sharp hike in tariff rates, and dismissed Moody’s downgrade of the U.S. government’s credit rating.