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The US is adopting a more aggressive stance in trade negotiations, threatening maximum tariffs against countries deemed not to be negotiating in good faith. Treasury Secretary Scott Bessent stated that tariff rates will revert to levels announced in April, impacting several countries. While a recent deal reduced tariffs with China, others face significantly higher levies. Bessent also criticized Walmart for price increases due to tariffs and dismissed Moody's credit rating downgrade, blaming the Biden administration's spending.

Prepared by Christopher Adams and reviewed by editorial team.