Scott Bessent, CEO of Key Square Capital Management, discussed President-elect Donald Trump’s economic vision and potential role as Treasury secretary during a second term. The historical significance of tariffs as a revenue-raising and protective tool was highlighted, with an emphasis on their use in negotiations with trading partners. Tariffs were also seen as a means to address national security vulnerabilities and achieve foreign policy objectives, while potentially raising significant revenue for the Treasury and not necessarily increasing prices for consumers.
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