Part 8/11:
Tensions Over Trade Policies and Tariffs
Trade remains a contentious topic, as recent reports from the Wall Street Journal highlight internal tensions within the White House regarding the rollout of reciprocal tariffs. President Trump’s advisers, notably Treasury Secretary Scott Bessant, successfully pushed for delaying the implementation of tariffs until August 1st, citing the need for more time to negotiate favorable terms.
Bessant’s influence appears to be growing, as his approach aligns with the reality that crafting comprehensive trade deals is complex and time-consuming. His cautious strategy contrasts with more protectionist elements represented by other advisers, such as Peter Navaro, who favor tougher and more immediate trade actions.