Scott Bessent , who is Donald Trump’s pick for Treasury secretary, told the Wall Street Journal that he’ll focus on following through on the president-elect’s tax cut and tariff pledges once he takes office. Putting tariffs in place and reducing spending will also be a focus, Bessent said , though he didn’t go into detail, according to the newspaper’s report. Trump has threatened to hit Chinese shipments with tariffs of 60% . The veteran hedge fund manager added that he’ll work at “maintaining the status of the dollar as the world’s reserve currency,” according to the report. Scott Bessent Photographer: Stefani Reynolds/BloombergRead More: ...

Source: Wall Street Journal November 25, 2024 10:12 UTC