Reported 2 days ago
As President-elect Donald Trump evaluates candidates for Treasury Secretary, discussions around his proposed tariffs on China intensify. Economist Jeffrey Roach highlights the stark shifts in the US-China economic landscape since 2017, suggesting that the implications of tariffs may now place more burden on foreign producers rather than domestic consumers. Insights from Scott Bessent, a potential Treasury choice, indicate that Trump's tariff proposals may serve as a negotiation tactic rather than actual policy implementations.
Source: YAHOO