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.