Trade
Bessent Defiant on Tariffs as He Rejects a US Recession
Treasury Secretary Scott Bessent downplayed concerns that the tariff barrage will stoke inflation.
Photographer: Al Drago/BloombergThis article is for subscribers only.
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US Treasury Secretary Scott Bessent on Sunday struck a defiant tone in the face of global financial markets selling off sharply in response to new US tariffs, arguing the duties were necessary and rejecting the idea that they would cause a US recession.