The Secretary of the United States Treasury (USA), Scott Besent, said on Monday that the US is not even close to any emergency scenario that nobody worried first. He also reiterated that the US will be looking for “fair” trade negotiations with countries that seek to ensure tariff exemptions that the Trump administration presented as inevitable and necessary to balance the US government budget.
Key aspects
There is a large menu of challenges to address.
I am here in Argentina to show support, we will see in the conversations.
The Trump administration is focused on Latin America and is trying to prevent what happened in Africa with China and its policies there.
Argentina could settle the swap with China if they build reservations.
I will meet with the Spanish Economy Minister this week. That is not a commercial meeting.
There will be a first movement advantage in commercial conversations.
Others will want protection against a flood of Chinese exports.
The US tariffs on China are far from being a joke.
Trump and Chinese President XI have a very good relationship.
China tariffs are large figures, nobody thinks they are sustainable and wants them to remain.
I am not seeing a US Treasury Bonds Dumping.
I saw greater foreign competition at the US debt auctions.
This is one of those occasional clashes that occur in the commercial community.
There must be no decoupling with China, but there could be.
I am not worried about the loss of the dollar refuge status.
UU. It remains a global reserve coin.
We are far from a situation of ‘breaking the glass’.
We are far from needing contingency plans.
USA will negotiate tariff rates with the partners in good faith and carry out a robust process.
The Vix shot and has probably reached its maximum point.
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.
