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What will be Scott Bessent's first major policy announcement by March 31, 2025?
2
Resolution / Starting Odds
Tariff increase • 25%
Tax reform • 25%
Sanctions on a foreign country • 25%
Other economic policy • 25%
Official announcements from the U.S. Treasury Department or credible news outlets
Story
Donald 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.
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