Trump tariffs could be reinstated by July, Treasury’s Bessent says
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Treasury Secretary Scott Bessent announced that President Trump's tariffs could be reinstated by July, following a Supreme Court setback. He mentioned that Section 301 studies will be conducted, allowing businesses to plan around the tariffs. Bessent also noted a decline in core inflation and expressed skepticism about the Federal Reserve's stance on inflation, suggesting that interest rates may need to decrease significantly.
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