Reported 2 days ago
Scott Bessent, Treasury Secretary under President Trump, is struggling to maintain market confidence amidst an ongoing trade war, particularly with China. Despite attempts to highlight positive economic developments unrelated to tariffs, investors remain anxious due to the unpredictable nature of trade policies, which are projected to hurt corporate profits and ultimately impact consumer prices. Bessent's assurances of forthcoming clarity on tariffs have yet to soothe business leaders grappling with rising costs and planning uncertainties.
Source: YAHOO