According to a report from Jinshi Data, U.S. Treasury Secretary Basant stated at the Allen & Co. annual meeting that Trump and Soros are similar in character, demands, and impatience. He advised Trump to be patient when formulating tariff announcements.
Basant believes Trump has the ability to identify problems and find solutions but sometimes lacks patience in implementation. He downplayed the impact of tariffs on inflation and expects two interest rate cuts this year, with long-term borrowing costs likely aligning with pre-pandemic levels.