Preliminary results from a model with USD as global reserve asset suggests foreign producers can be expected to lower prices in the manner suggested by Bessent, at least, to the extent ROW has few good USD substitutes.
Treasury Secretary Scott Bessent
Treasury Secretary Scott Bessent22 tuntia sitten
Companies, not consumers, have been bearing the cost of tariffs. With corporate margins normalizing post-COVID, that trend is likely to continue.
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