US Treas Sec Bessent talking – some fact in his feedback, some lies

Feedback from Bessent:

• Trump, China’s Xi have superb relationship

Xi has not known as Trump, that is absurd b/s from Bessent.

Now onto a few of his extra affordable feedback, open for dispute however not essentially deliberately misleading like that one above.

• Tariffs on China are huge numbers, nobody thinks they’re sustainable and needs them to stay
• Tariffs on China will not be a joke
• Don’t assume there’s a dumping of U.S. belongings in bond market
• That is a type of occasional shocks you get within the buying and selling group
• Haven’t any proof that sovereign buyers are dumping U.S. belongings
• U.S. remains to be a worldwide reserve foreign money

Bessent additionally discussing one of many US’ unbiased officers who’s below menace:

• Serious about a successor for Powell, will begin interviewing candidates within the Fall

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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