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globalreutersFebruary 3, 20251 Mins read
US Treasury Secretary Bessent: Tariffs are inflationary and would strengthen the Dollar
globalreutersFebruary 3, 20251 Mins read In a letter to Key Square Capital Management partners sent a year ago, US Treasury Secretary Scott Bessent said that “tariffs are inflationary and would strengthen the dollar—hardly a good starting point for a US industrial renaissance.” Last month, Bessent pushed for new universal tariffs on US imports to start at 2.5% and rise gradually, per the Financial Times (FT).
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