US Minister of Treasury Scott Beesent on Thursday said Wall Street should demolish the president Donald TrumpThe latest threat impose steep tariffs on foreign trade partners.
Asked about CNBC “Squawk on the street“As for Trump’s threat that the tariffs will be on European alcohol, Bessent suggested that the move should have a little impact on stock.
“One or two items with one trading block, I’m not sure why it’s a big deal for markets,” the Besent said.
Earlier that day, Trump warned the European Union that Oshamuta 200% of Tariffs to European alcohol exports – including all wines and French champagne – unless the block fell on his own proposed duties On American whiskey.
Trump called the EU “one of the most comfortable and violent bodies of taxation and tariffs in the world, which was formed for the sole purpose of exploiting the United States” in the social place of truth that threatened a 200%tariff.
On Wednesday, the EU presented a new plan for imposing 50% of Tariff on American whiskey, starting on April 1. Alcoholic beverage tariffs are part of a wider set of proposed import duties on US products.
European tariffs have been issued in retaliation for Trump’s 25% tariffs to all US imports of steel and aluminumwhich came into force on Wednesday.
Bessent did not answer the question of whether Trump’s announcement was “intended” on Thursday, or it is about the cabinet secretary to be told about it.
The main stock indexes continued to slide on Thursday morning, with the deepening of the physical sale, it prompted at least in part with the fear and uncertainty around Trump’s Tariff Economic Agenda.
