Musk Pushes Trump for Bold Treasury Moves Amid Tariff Tensions

1 min read
Source: Financial Times
Musk Pushes Trump for Bold Treasury Moves Amid Tariff Tensions
Photo: Financial Times
TL;DR Summary

Donald Trump's advisers are seeking commitments from top candidates for Treasury secretary to support his aggressive tariff plans, as Scott Bessent and Howard Lutnick vie for the position. Bessent, initially the frontrunner, faces criticism for previously describing Trump's tariffs as negotiating tools, while Lutnick gains support from Elon Musk. Trump's tariff strategy aims to boost US manufacturing and fund tax cuts, with proposed tariffs on Chinese imports and a universal tariff on all goods. The selection of Treasury secretary is crucial for implementing these policies and managing their economic impact.

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