The alarming next step in Trump’s trade war that has CEOs rattled

featured-image

US Treasury Secretary Scott Bessent on Thursday foreshadowed striking new trade deals with allies and then taking a collective approach to containing Beijing.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Business leaders have urged Labor and the Coalition to reject any demands from Donald Trump to join his trade war against China after US Treasury Secretary Scott Bessent foreshadowed a collective approach with allies to contain Beijing. After announcing tariffs of up to 49 per cent on dozens of countries last week, Trump on Thursday said he would instead impose a blanket 10 per cent tariff for 90 days to negotiate with trading partners.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you. Latest In Federal Fetching latest articles Most Viewed In Politics BOSS Financial Review.