1) Bessent's reaction to the downgrade
The point here is that no one in charge seems to care about the deficit and Bessent is now downplaying the problem. Maybe some hawks in Congress stand up but I wouldn't bet on it.
Bessent also said that Walmart is going to eat some of the tariffs after Trump took a straight-up socialist turn with this post:
3) Bessent said Liberation Day tariffs will be reinstated for many countries
The trade war isn't over, it's on a break.
This article was written by Adam Button at www.forexlive.com. Read More Details
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