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Botany

(74,393 posts)
Thu Apr 10, 2025, 11:23 AM Apr 10

Who buys this codswallop? [View all]

Trump tariffs are "negotiating strategy," Treasury chief Scott Bessent suggests as pause announced

The sweeping tariffs President Trump announced last week were a "negotiating strategy," Treasury Secretary Scott Bessent suggested Wednesday as the president announced a 90-day pause on most of those tariffs.

"We saw the successful negotiating strategy that President Trump implemented a week ago today – it has brought more than 75 countries forward to negotiate," Bessent said about the tariffs that Mr. Trump announced on April 2.

Bessent said that "every country in the world who wants to come and negotiate, we are willing to hear you, we are going to go down to a 10% baseline tariff for them," he said, speaking outside the White House moments after Mr. Trump announced the pause via a Truth Social post.

https://www.cbsnews.com/news/trump-tariffs-negotiating-strategy-treasury-secretary-scott-bessent-pause/

Or was this just criminal market manipulation? And who shorted the market and then bought it
back just prior to Krasnov’s reversal on tariffs?

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