US Treasury Secretary Scott Payette said on Thursday that Wall Street should ignore the president Donald TrumpThe last threat to Imposing a very slope tariff On foreign commercial partners.
He asked on cnbc’s.Screaming“About Trump’s threat to correct the tariff on European alcohol, BESSENT suggested that the step should have a little effect on stocks.
“One or two elements that contain one trading block, I am not sure why it is a big problem for the markets,” said Pesin.
Earlier in the day, Trump warned the European Union that it would slap with 200 % on European alcohol exports – including all French wine and champagne – unless its bloc falls. Suggested duties On American whiskey.
Trump has described the European Union as “one of the most bad tax and definition authorities in the world, which has been formed for a single purpose that benefits from the United States” in a 200 % social tariff.
On Wednesday, the European Union revealed a new plan to impose a 50 % tariff on American whiskey, starting from April 1. The wine tariff is part of a wider set of import duties proposed to American products.
European customs duties were issued in response to the Trump tariff by all of us Steel and aluminum importsThat came into effect on Wednesday.
Bessent did not answer a question about whether Trump’s announcement on Thursday was “intentional”, or whether the Minister of Ministers had been informed of this in advance.
The main stock indicators continued to slip on Thursday morning, depths of at least weeks of sale for weeks through concerns and inability surrounding the Trump Heavy Economic Business schedule.
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