Treasury Secretary Discusses Tariff Policy

Treasury Secretary Scott Bessent appeared on ‘Squawk Box’ to address President Trump’s tariff policy and its implications for the economy. The discussion highlighted the impact of tariffs on trade relationships and domestic industries.

Federal Government Shutdown Updates

Bessent provided insights into the ongoing federal government shutdown, emphasizing its effects on federal services and potential economic disruptions. He noted that negotiations are ongoing to resolve the impasse.

Looking Ahead to Election Day 2025

The conversation also touched on the upcoming Election Day in 2025, with Bessent discussing its significance in shaping future economic policies and government direction.

U.S. Chip Export Controls

Bessent addressed the latest developments in U.S. chip export controls, detailing efforts to bolster national security while navigating international trade dynamics. The controls aim to limit technology transfer to certain countries.