US EditionBessent's Challenge: Backing Tariffs While Defending the Dollar
Treasury Secretary Scott Bessent defends President Trump's tariff strategy amid legal challenges, with U.S. tariff rates at 18.6%, the highest since 1933, while managing dollar decline and inflation concerns.
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6 Articles
Bessent's challenge: Backing tariffs while defending the dollar
Treasury Secretary Scott Bessent has been tasked with driving Trump’s sweeping tariff agenda while calming markets, a role made even more difficult by a weakening dollar and lingering inflation concerns. Bessent, a well-known hedge fund manager before joining the Trump administration, faces a task that some economists argue is contradictory. President Donald Trump has embarked on the most aggressive tariff rollout in decades. Bessent is one of t…
White House Has Backup Strategy If Trump's Tariffs Are Overturned: Bessent - Nemos News Network
White House Has Backup Strategy If Trump’s Tariffs Are Overturned: Bessent Authored by Andrew Moran via The Epoch Times (emphasis ours), Treasury Secretary Scott Bessent said the White House has plenty of tools at its disposal to implement President Donald Trump’s global tariffs if the Supreme Court does not uphold his use of a 1977 emergency powers law. Treasury Secretary Scott Bessent speaks to reporters during a briefing at the White House o…
The Mexican peso depreciated against the dollar in Tuesday’s operations. Local currency gave way to a cautious market following the decision of a federal court in the United States to declare most of President Donald Trump’s tariffs illegal.
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