On Tuesday, US Treasury Secretary Scott Bessent recently shared his views on American trade restrictions, economic outlook, and foreign investments.

Bessent revealed that the "tariff codes" for the US trade restrictions against various countries will officially take effect on April 2.

At that time, each country will receive a "tariff code" that represents the level of tariffs they will face.

For some countries, the tariffs may be relatively low, with "15% of the countries accounting for a large portion of the tariffs imposed."

Although Bessent expressed optimism that some countries might reach agreements through prior negotiations to avoid tariffs, more countries will likely need to seek renegotiation after receiving the "tariff codes," increasing the complexity of trade frictions.

Meanwhile, Bessent expressed his view on the current US economy:

The fundamentals of the US economy are good, and there is no reason for a recession; data from credit cards and Banks are "very healthy." It is foolish to demand guarantees that a recession will not occur.

He believes that the economy may experience a "stagnation" while transitioning away from reliance on government spending, but the Trump administration will "control spending, bring manufacturing back to the USA, and make it more affordable for the working class in the USA."

After Besant's remarks, US Treasury yields rose slightly, with the 10-year Treasury yield up by 2.3 basis points to 4.3293%, and the 2-year yield up by 0.4 basis points to 4.057%. At the time of writing, all three major US stock indices had collectively declined.

However, economists have warned about the risk of an economic recession, partly due to the uncertainty surrounding the tariffs imposed by President Trump and the potential impacts once these tariffs are finalized and implemented.

Besant also stated that the USA is considering restricting foreign investments:

The Treasury Department is working with Congress to develop legislation to further restrict foreign investment. We will ensure that our foreign investments do not come back to harm us. We will continue to investigate this matter and block it if necessary.

This indicates that the US government is strengthening regulations on foreign investments to protect national interests and guard against potential risks.

Editor/Somer