Part 10/15:
The week also saw ongoing tensions over international trade policies, specifically regarding tariffs. The Wall Street Journal reported internal disagreements within the Biden administration about the timing and extent of implementing reciprocal tariffs. The delay until August 1st, after advisors like Treasury Secretary Scott Bessant recommended more strategic negotiations, reflects a cautious approach by the White House amid global economic instability.
Bessant, regarded as one of the most influential members of the cabinet, has been advocating for patience and careful negotiation, considering the complexities of global trade. In contrast, other officials, such as Commerce Secretary Howard Lutnik, have favored a more aggressive stance.