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Article Date: November 2024
Word Count: 672

New Tariffs Come with Huge Costs, but Treasury Pick Augers Moderation


Recent moves from the Trump transition team are producing mixed emotions over looming tariff threats, with many analysts breathing a sigh of relief over free trade/protectionist moderate Scott Bessent’s nomination to the Secretary of the Treasury post. Bessent, coming from a hedge fund management background, has eased fears over returns to the 19th century with statements that tariffs will be used for leverage rather than the foundation of a new treasury model. In an opinion piece for Fox News this month, Bessent wrote that Trump has added tariffs as a negotiating ... Log in to view full article.

 


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