US Treasury Secretary Scott Bessent urged "all countries not to retaliate" against the Trump administration's tariffs: 'Relax, take the hit'

US Treasury Secretary Scott Bessent has advised countries not to react to new tariffs introduced by the Trump administration, warning that such a retaliation could cause an escalation in trade tensions.

"Relax, take the hit and wait to see how the situation develops. Because if you retaliate, there will be escalation," US Treasury Secretary Bessent warned