Wall Street gets rude shock as Bessent plays second fiddle on tariffs

Quick Summary:

Senior counselor Peter Navarro and Commerce Secretary Howard Lutnick dominated the president’s attention on tariffs..

In the weeks leading up to the tariff announcement, some Wall Street executives had already started to appeal to the Treasury secretary for help.

The tariffs were largely shaped by a small group within Trump’s inner circle, with critical decisions about the duties’ structure going down to the wire before the president’s announcement.

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Article Details

Author / Journalist: Saleha Mohsin, Dawn Lim, Katherine Burton, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: Tariffs and trade Donald Trump U.S. Department of the Treasury

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 00:52:09 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1116 words

Reading Time: 7 minutes read

Sentences: 4 lines

Sentence Length: 279 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27608319

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Main Topics: EconomyBusiness

Official Website: fortune.com

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News Last Updated: 8 hours ago

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