Export Tax Proposal and Economic Health Discussed by Treasury Counselor

Export Tax on Tech Giants

Joe Lavorgna, Counselor to Treasury Secretary Scott Bessent, discussed President Trump’s proposal to impose a 15% export tax on Nvidia and AMD during an appearance on ‘Squawk Box’.

Economic Insights

Lavorgna addressed the current state of the U.S. economy, emphasizing the importance of accurate Bureau of Labor Statistics (BLS) jobs data in evaluating economic health.

Inflation and Interest Rates

The conversation also covered the Federal Reserve’s ongoing efforts to combat inflation, alongside predictions regarding the future path of interest rates.