Treasury Secretary Scott Bessent refrained from using polling information to criticize how poorly the people views President Donald Trump’s economic policy, implying that the issue is “media-driven.”
Bessent’s judgment comes just before Trump’s 100th day in office since making his White House debut. This month, the government’s use of taxes caused major changes to the stock market. But, Bessent noted how the emphasis has largely been on when the stock market crashes and there is little protection of its treatment.
There was a tale 10 days ago that said,” This is the worst April for the stock market since the Great Depression,” Bessent said on ABC News’ This Week. The Nasdaq is then up in April, and I haven’t seen a tale that declares,” Oh, stock market has biggest swing back ever,” ten days later. Therefore, I believe that a lot of this is media-driven.
TRUMP TEASES TAXES COULD BE” ELIMINATED” FOR MAKING UNDER$ 200, 000
Bessent continued by enlarging Trump’s imposing of stringent tariffs before allowing them to deal with nations and describing it as the carrot-and-stick strategy that will eventually lead to their lifting of taxes on the United States. The Treasury Secretary then claimed that he was surprised that the United States had allowed its “unfair” buying program to continue for so much, and that he now holds the blame on the Biden administration.
Bessent also criticized Trump’s price policies, saying that people’s spending patterns are “very diverse.” He added that he favors examining people’s actions over their responses to elections.
