US Treasury Secretary Bessent with wide-ranging comments from an inter view with Reuters.
In brief:
Says he’s confident that Supreme Court will uphold Trump tariffsThere are other statutes that could be used to justify tariffs but they are not as efficient, not as powerfulU.S. is making headway with Europe on need to crack down on India over Russian oil purchasesPlays down significance of China-hosted meeting in Shanghai of leaders from non-Western countries as ‘performative’Accuses India and China of being ‘bad actors’ in Ukraine by fueling Russian war machine
Earlier from Bessent:
Bessent: There is a very good chance Miran is seated at Fed before Sept meeting
Bessent also did the mean girls thing to Cook:
Bessent says that Lisa Cook hasn’t denied allegations of mortgage fraud
Wow, bitchy!
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On tariffs, Bessent is referring to a US Court binning them. But that decision will go to appeal:
US Federal Appeals court rules that most of Trump’s tariffs are illegalTariffs quagmire dominates the setting to start the week
This article was written by Eamonn Sheridan at investinglive.com.