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U.S. Treasury Secretary warns: Tariffs may rise back to April 2 levels
Odaily News U.S. Treasury Secretary Benson warned Americas trading partners not to extend trade talks, saying tariffs could go back up to April 2 levels if no progress is made. Benson revealed that he would meet with EU negotiators today. When asked about the outcome of the discussions, he simply said, Well see what happens with the EU. On the issue of U.S. debt, Benson expressed confidence in market demand. He said there is a lot of demand for U.S. Treasuries, and demand for U.S. Treasuries at home and abroad remains strong. He described the debt management process as orderly.
Bessant also commented on interest rates, suggesting that the two-year Treasury bond tells you that overnight rates are too high and that inflation expectations should fall back. He criticized the Federal Reserve, saying that the committees judgment seems a little bit biased. Regarding the operation of the Federal Reserve, Bessant said that it is good for the Federal Reserve to control spending and that he hopes to see the Federal Reserve reasonably adjust the budget size. When asked if he hopes that Federal Reserve Chairman Powell will resign, Bessant declined to give a specific response. He pointed out that there are a lot of strong candidates for the Federal Reserve chairman and mentioned the possibility of filling two Federal Reserve board positions next year. (Jinshi)
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