US Treasury Secretary Scott Bessent on Sunday struck a defiant tone in the face of global financial markets selling off sharply in response to new US tariffs, arguing the new duties were necessary and rejecting the idea that they would cause a US recession.
“I see no reason that we have to price in a recession,” Bessent told NBC’s Meet the Press with Kristen Welker.
Bessent gave no indication that President Donald Trump was willing to back down on the sweeping new tariffs he introduced last week.
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