Name: Bessent Hopes Trump’s Tariff Threat Will ‘Light a Fire Under the EU’
Uploaded: 2025-05-23T14:41:00Z
Duration: 54 s
Description: Treasury Secretary Scott Bessent spoke with Fox News after President Trump threatened to impose a 50% tariff on goods from the European Union starting June 1.

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Treasury Secretary Scott Bessent spoke with Fox News after President Trump threatened to impose a 50% tariff on goods from the European Union starting June 1. Photo: Cole Burston/Agence France-Presse/Getty Images

https://m.wsj.net/video/20250523/140dc8c9-0f54-4dc4-bdb5-d7e512429f30/2/hls/manifest-hd-wifi.m3u8

Treasury Secretary Scott Bessent spoke with Fox News after President Trump threatened to impose a 50% tariff on goods from the European Union starting June 1.

Bessent Hopes Trump’s Tariff Threat Will ‘Light a Fire Under the EU’

The president believes that the EU proposals have not been of the same quality that we've seen from our other important trading partners. I've said there're 18 important trade deals that we have to do. I'm working mostly on Asia and that group has move forward with some very interesting proposals. They're negotiating in good faith. I would hope that this would light a fire under the EU because Bill, I've said before, EU has a collective action problem here. It's 27 countries, but they're being represented by this one group in Brussels. So some of the feedback that I've been getting is that the underlying countries don't even know what the EU is negotiating on their behalf.

Bessent Hopes Trump’s Tariff Threat Will ‘Light a Fire Under the EU’

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