Treasury Secretary Bessent:
🧙♂️• The revenue from customs duties can be used for tax relief.
🧙♂️• We are likely to see income tax relief in the tax bill.
🧙♂️• I do not expect shocks in the supply chain.
🧙♂️• The announcement of trade agreements will bring certainty.
🧙♂️• Asian trading partners have been the most outspoken.
🧙♂️• We have had important talks with Japan.
🧙♂️• We may see some draft agreements coming together with South Korea.
🧙♂️• Governments want to have a framework for a trade agreement before they go to the polls.
🧙♂️• We may see some statements from India.
🧙♂️•India is a country that is easier to negotiate with than other countries.
🧙♂️• I had an important meeting with Speaker Johnson on Monday.
🧙♂️•The tariffs will cause jobs in China.
🧙♂️• Over time, we will see that the Chinese tariffs are not sustainable for China. The tariffs are not sustainable for China.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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