Trump’s Treasury chief on 200% EU tariff threat: ‘Not sure why that’s a big deal’ for markets
KEY POINTS
- U.S. Treasury Secretary Scott Bessent said Wall Street should shrug off President Donald Trump’s latest threat to impose steep tariffs on foreign trading partners.
- “One or two items with one trading bloc, I’m not sure why that’s a big deal for the markets,” Bessent said on CNBC’s “Squawk on the Street.”
- Trump had warned the European Union that he will slap 200% tariffs on its alcohol exports unless the bloc drops its own proposed duties on U.S. whiskeys.
