Loading...
Loading...
Browse all stories on DeepNewz
VisitDonald Trump Names Scott Bessent as Treasury Secretary, Signaling Hawkish Economic Pivot and Tariff Threats
Nov 30, 2024, 02:01 AM
Donald Trump has announced Scott Bessent as his pick for Treasury Secretary, a decision that has sparked varied reactions. Bessent, known for his global macroeconomic expertise, focus on dollar dominance, and ties to Democratic donor George Soros, has raised questions about the direction of U.S. economic policy. While some on Wall Street initially welcomed the nomination, concerns have emerged regarding the implications for tariffs, sanctions, and the broader economic strategy. Speculation also surrounds whether this appointment could signal a hawkish economic pivot and a shift in U.S.-China trade relations, particularly in light of Trump's recent tariff threats.
View original story
Markets
No • 50%
Yes • 50%
Official announcements from the U.S. Treasury Department or credible news outlets
No • 50%
Yes • 50%
Official announcements from the U.S. Treasury Department or credible news outlets
Yes • 50%
No • 50%
U.S. Dollar Index data from the Federal Reserve or financial news platforms
Improved relations • 25%
Unclear impact • 25%
No significant change • 25%
Deteriorated relations • 25%
Trade data and analysis from credible financial news sources
Tax reform • 25%
Other economic policy • 25%
Tariff increase • 25%
Sanctions on a foreign country • 25%
Official announcements from the U.S. Treasury Department or credible news outlets
Unclear impact • 25%
Hawkish pivot • 25%
Dovish pivot • 25%
Balanced approach • 25%
Analysis from economic policy think tanks and credible news outlets