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Investing.com -- Treasury Secretary Bessent recently shared insights on several economic issues during a CNBC interview. He described tariffs as a necessary course correction and commented on significant fines imposed by the European Union on American companies, which have led to a pool of capital.
Despite not receiving much recognition, Bessent pointed out that energy prices have dropped. He also hinted at the possibility of the inherited economy beginning to roll a bit, and predicted a detoxification period for the economy. However, with the right policies in place, Bessent believes that the transition could be smooth.
When asked about the longevity of the tariffs, Bessent’s response was non-committal, simply stating, "We’ll see." He clarified that tariffs are not pay-fors, but are considered in the background for tax cuts.
Bessent reaffirmed the government’s commitment to a strong-dollar policy, stating that no changes are planned. He expressed confidence that President Trump’s policies will ultimately lead to a strong dollar. He also voiced his opposition to currency manipulation on a bilateral basis.
Bessent shared that the stock market is part of the information President Trump reviews daily. He also dismissed the notion of a "Trump Put," suggesting instead the existence of "Trump Call Upside."
Lastly, when questioned about mergers and acquisitions, Bessent predicted an increase in corporate activity.
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