Trump's Tariff Decision: A Strategic Move

US Treasury Secretary Scott Bessent made it clear that the 90-day tariff suspension, which notably excludes China, was a decision made solely by President Donald Trump. This move, according to Bessent, was not influenced by market fluctuations but was a strategic decision by the President.

Global Reactions and Future Engagements

Bessent highlighted that over 75 nations have already reached out to the US following the announcement. He anticipates more countries will engage in discussions, emphasizing that the process will take time and that President Trump intends to be personally involved in these negotiations.

Understanding Trump's Tariff Strategy

"No one creates leverage for himself like President Trump," Bessent remarked, pointing out that the market had previously misunderstood the President's approach to tariffs. This statement underscores the unique and sometimes unpredictable nature of Trump's economic policies.