Treasury Secretary Scott Bessent and President Trump's aides defended the new global tariffs, asserting that negotiations with foreign nations are likely. Despite immediate chaos in financial markets, they remain optimistic that these tariffs will strengthen the U.S. economy in the long run. The tariffs are likened to Brexit’s upheaval, with significant global implications. Economists emphasize the resilience of free trade and suggest that its benefits might enable the international economic system to persist independent of the U.S.'s leading role.
President Trump's top aides defended global tariffs, arguing that despite market turmoil, they believe the trade war will ultimately bolster America's economic position.
Trump's tariffs, akin to Brexit's impact, are disrupting the established order, with economists noting that the benefits of free trade are overwhelming enough to sustain it globally.
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