The United States Secretary of the Treasury (USA), Scott Besent, appeared in the news on Wednesday, sharing his thoughts about the US debt roof and also hinted at the idea that the Trump administration introduced a “minimis” tariff level, which would allow US companies to find a break in tariffs up to a certain level of imports.
Key points
Be careful with the unintentious impact of a draft sanctions to Russia.
Give the administration some flexibility here.
I am prepared to advance the negotiations for the commercial partners who act in good faith.
If the debt limit is not resolved, it could be the largest crisis since 2008-09.
It is unthinkable that a breach of the debt roof occurs.
The US debt roof must be raised and extended.
The bond market worked very well amid the volatility of April. The US remains the most stable bond market.
The volatility of the bonds in April never involved stability concerns.
US will establish a global tariff level for minimis imports.
China opposed the minimis tariffs.
We want a deficit ratio below 4% for the end of Trump’s mandate.
It is impossible to say if everyone will benefit from the fiscal law.
It remains to be seen if the Fiscal Law increases US debt.
Commercial conversations with China will be a much longer process.
Under Biden, China did not think I had to comply with the agreement.
If prices go up due to tariffs, it will be once.
The CPI showed another fantastic inflation number.
Market reaction
The general impact on the market remains limited, since investors focus on inflation data, commercial conversations and hopes of cuts in interest rates. The US variable rental markets are generally upward, and the US dollar index (DXY) has fallen back to recent minimums about 98.50.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
