- Analytics
- News and Tools
- Market News
- US Treasury Sec. Bessent: Committed to policies that will lead to strong dollar
US Treasury Sec. Bessent: Committed to policies that will lead to strong dollar
In an interview with CNBC on Friday, US Treasury Secretary Scott Bessent said that they are committed to policies that will lead to a strong US Dollar, per Reuters.
Key takeaways
"April 2 tariffs will be a choice for other countries if they want frictionless trade."
"Tariffs are a one-time price adjustment."
"There's going to be a natural adjustment as we move from public to private spending."
"There's going to be a detox period."
"Very unlikely we will get any credit by the CBO for tariffs."
"No change in strong Dollar policy."
"We are against currency manipulation."
"I think we will see a pick up in corporate activity."
"Real income gains for lower 50% of Americans could be an offset."
"Trump wants to get to fair trading with China, we're a long way off."
"China needs to rebalance."
Market reaction
The US Dollar struggles to rebound following these comments. At the time of press, the USD Index was down 0.4% on the day at 103.73.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
