Part 3/6:
Despite the positive outlook from Bessett, skepticism remains in certain business circles regarding whether this was a coordinated plan. In response to this sentiment, Texas Senator Ted Cruz spoke on behalf of what he terms the "few caucus," which advocates for lower tariffs over a prolonged period.
Cruz highlighted the importance of using tariff leverage to achieve lower tariffs, agreeing with Bessett’s approach. He noted that while the current administration has the right strategy, there exists dissent within the ranks, with some preferring to maintain high tariffs indefinitely. He praised the ongoing negotiations while asserting that lower tariffs could yield a positive reaction in the markets.