Trump administration eyes regional tariffs as global deal deadline looms

Treasury Secretary Scott Bessent, pictured speaking last month during a Congressional hearing, on Sunday called the Moody’s downgrading of the United States’ credit rating a “lagging indicator.” File Photo by Bonnie Cash/UPI | License Photo May 18 (UPI) — The United States may impose regional tariffs rather than issue blanket ones as a deadline approaches for racing a global plan, Treasury Secretary Scott Bessent said Sunday. The Trump administration originally said it would impose 90 deals in 90 days, but has backed down recently, acknowledging the complexities of negotiating trade pacts with dozens of countries on a compressed timeline, despite…