The secretary of the Treasury, Scott Besent, said the Trump administration has “70 aligned negotiations” with foreign governments in a wave of tariffs that participated during the night.
“I am not planning to go anywhere for Easter,” Besent told a banker audience in Washington DC. “We have an excess bone with the answer to get to DC and negotiate with President Trump.”
“I think what many people are being lost here is that the levels that were fine last Wednesday are a roof … if you do not retaliate,” he added.
The Mogul of the 62 -year -old coverage fund also warned the allies who do not try to take over Beijing in an attempt to compensate for any negotiation volume lost with the United States.
“That would be to cut your own throat,” Besent said.
President Trump announced his tariff plans on April 2, which is the so -called ‘Liberation Day’, since it established a variety of encumbrances that began a baseline of 10% to 50% from when he saw as the commercial criminals of sausages.
Besent also minimized the conversation of the US economy that is inclined in the recession, which is defined as two consecutive quarters of negative growth.
“The companies I have spoken with … CEO that have come in the treasure, tell me that the economy is very solid. We have very good employment numbers last Friday. I think we are in good shape,” he added.
The former head of the Coverage Fund, who founded Key Square Group, made his comments on a question and answer session after a speech before the American Banqueros Association on Banking Regulation and Supervision.
Besent’s comments such as the JPMorgan Chase CEO, Jamie Dimon, warned that a recession is a “probable result” of Trump’s rates.
Dimon said he is listening to “recessive talk” and Altegh that he is not yet seeing breaches, he hopes it will happen.
He added that the volatility of tariffs is “serious” and that the objective of trade agreements should be to make commercial partners stronger, no weaker.
Originally from South Carolina, Besent previously served as Investment Director of George Soros and was fundamental in the “Black Wednesday” trade of Money Moned Hungary in 1992.
The commitment against the British pound “broke the Bank of England”, raising a day of payment of $ 1 billion for Soros that consolidated its reputation as a titan of global finance.
