US TreasSec Bessent said tariffs inflationary, not good “for a US industrial renaissance”

US Treasury Secretary Scott Bessent in a letter to partners of Key Square Capital Management on January 31, 2024.

• “Tariffs are inflationary and would strengthen the dollar—hardly a good starting point for a US industrial renaissance.”

Here is the link.

Along the same lines, Trump has promised pain for the US from his tariff trade war:

• Trump inflicts economic pain for Americans with his tariff war launch
• Trump says he’ll speak with Canada’s Trudeau on Monday

This article was written by Eamonn Sheridan at www.forexlive.com.