FX Expert Funded

Bessent: We want a combo of long-term tariff revenue and lower barriers

  • Tariff revenue could be used for tax cuts
  • I think tariffs will generate substantial revenues
  • I learned to ignore survey data in my 35 years in the investment business
  • Had substantial talks with Japan
  • India easier to negotiate with than other countries
  • Asia trading partners have been the most forthcoming
  • Tax bill will give certainty
  • We want to see internet tax in EU removed
  • White House will sign executive order on auto tariffs later today

This is nothing new so far aside from the auto tariffs, which was leaked yesterday.

  • White House Press Sec Leavitt: Amazon announcement was hostile

Amazon is planning to put an indicator on goods purchases to show how much is tariffs.

This article was written by Adam Button at www.forexlive.com.

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