Even more from Bessent:The arc has been getting better from Geneva, to London to Stockholm

Forex Short News
  • The meetings were highly satisfactory and robust
  • The arc has been getting better from Geneva to London to Stockholm.
  • On possible Trump – e.g. meeting, That will be between the leaders staffs
  • On China, Iran oil. Beijing said they are a sovereign nation with security, energy needs.
  • On whether US has leverage on China, Iran oil not at this point.
  • On China, may take external forces to push economy to consumer focus.
  • On EU trade and $600 billion investments: will be closely monitored.
  • On EU trade and $600 billion investments, would be surprised if the EU doesn’t hold up bargain, tariff rates can change.
  • I imagine a big portion of the 600 billion would be defense, part would be for agriculture.
  • Snap back tariffs are not the end of the world as long as countries look to negotiate

This article was written by Greg Michalowski at investinglive.com.