Bessent Defiant on Tariffs as He Rejects a US Recession

Bessent Defiant on Tariffs as He Rejects a US Recession

Byadmin
US Treasury Secretary Scott Bessent on Sunday struck a defiant tone in the face of global financial markets selling off sharply in response to new US tariffs, arguing the duties were necessary and rejecting the idea that they would cause a US recession.

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Prices Will Go Up, Volume Down: Bozella on Auto Tariffs

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John Bozzella, President & CEO of the Alliance for Automotive Innovation, states that prices will go up and volume will come down when sharing his thoughts on President Trump announcing 25% auto tariffs last week along with additional tariffs on steel & aluminum. Bozzella talks about how the President’s tariffs may impact car companies wanting to create factories in the United States, and if companies will eventually decide not to sell in America. Bozzella speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s “Balance of Power: Late Edition.” (Source: Bloomberg)