Trump’s Treasury Secretary Bessent threatens the largest tax hike in history

US Treasury Secretary Bessent:

• Failure to get the tax bill done will result in the “largest tax hike in history”

Happy days.

More:

• Trumps wants lower interest rates
• Trump not calling for the Fed to lower interest rates
• Interest rates will take care of themselves if we get energy costs down and deregulate the economy
• tariffs are not focused on revenue right now
• tariffs are aimed at bringing manufacturing base back to the US

Bessent speaks with forked tongue here, he has told his investors tariffs will not bring manufacturing back:

• US TreasSec Bessent said tariffs inflationary, not good “for a US industrial renaissance”

Bessent treats his investors responsibly, as he should, but treats everyone else as fools.

This article was written by Eamonn Sheridan at www.forexlive.com.