World leaders hold off on retaliatory tariffs as Bessent urges patience

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Treasury Secretary Scott Bessent is warning the world against retaliation as news of “Liberation Day” tariffs spreads.

“My advice to every country right now is do not retaliate,” he told Fox News shortly after the announcement. “Sit back, take it in, let’s see how it goes. Because if you retaliate, there will be escalation.”

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