On March 18, U.S. Treasury Secretary Bensent said that the foundation of the U.S. economy is healthy, and there is no reason for a recession. At the same time, he rejected the idea of guaranteeing no recession. Bensent said, 'I can't guarantee anything.' Regarding the retaliatory tariffs to be announced on April 2, Bensent said, 'I haven't seen the relevant numbers yet, and the process will involve assigning specific tariffs to each trading partner. In some cases, countries may avoid retaliatory tariffs. Other trading partners may seek to negotiate drop tariff levels after receiving quotas.' (Jinshi)
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
U.S. Treasury Secretary: There is no reason for a recession, and tariffs will be allocated separately to each country.
On March 18, U.S. Treasury Secretary Bensent said that the foundation of the U.S. economy is healthy, and there is no reason for a recession. At the same time, he rejected the idea of guaranteeing no recession. Bensent said, 'I can't guarantee anything.' Regarding the retaliatory tariffs to be announced on April 2, Bensent said, 'I haven't seen the relevant numbers yet, and the process will involve assigning specific tariffs to each trading partner. In some cases, countries may avoid retaliatory tariffs. Other trading partners may seek to negotiate drop tariff levels after receiving quotas.' (Jinshi)