On May 23, according to the analysis of The Kobeissi Letter, after US Treasury Secretary Vincent said that the 90-day suspension proposed on April 2 was based on good faith negotiations, Trump believes that the European Union's proposal is not of high quality, and hopes that doing so will motivate the European Union to take action.
When the market turned down on Trump's announcement of 50% tariffs on the European Union and 25% tariffs on Apple, Bescent trumpeted the trade "deal" on Fox News. It seems he may not have received the memo announcing that the purpose of the tariffs was to lower U.S. Treasury yields, and Bescent just offset the drop in yields that Trump wanted. However, the S & P 500 is now down 200 points from its high, and the headlines of the "trade deal" have not helped lower U.S. Treasury yields.
Analysis: US Treasury Secretary's remarks offset Trump's efforts to lower Treasury yields
2025-05-23 14:06:42
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
