During a visit to Argentina, US Treasury Secretary was interviewed by Bloomberg and said that market uncertainty has peaked. Following comments he made on tariffs he said that “If we measure uncertainty by the $VIX then I think it spiked and likely peaked.” The US Treasury Secretary also denied that the White House was involved in insider trading.ย
The US Treasury Secretary said that tariffs policy in the US will be followed by taxation reform and deregulation which together will boost the economy. His comments, aimed at calming markets, come after unprecedented volatility in the markets with President Trump’s announcement of a global trade war.
Secretary Bessent visited Argentina following the approval of another IMF loan to Argentina of up to $20 billion. The loan is intended to help Argentina stabilise its currency buffer as it transitions into a new deregulatory currency regime, implement economic reforms that include increased investments in the energy and mining sector, and state reforms that will increase the efficiency of public expenditure.
Newsroom
Leave a Reply