Bessent ultimately sees 'several hundred billion' per year in tariff revenue ...Middle East

Expect we will be negotiating with China in person againThere is a Laffer Curve for tariffsA lot of these non-tariff barriers are coming downWe don't know where Sees 'several hundred billion' per year in tariff revenuemy sense is that int he next several weeks we will have several large deals announcedRepeats that the EU has a collective-action problemThe German finance minister was very responsiveI think Merz will provide an opportunity for a US-German resetAll yields are up since the start of the yearThe market could also be thinking the Congressional yield could create growthSays he's not concerned about USD weakening alongside higher yieldsOther currencies are strengthening, rather than USD weakening

I don't see much to get excited about here. If anything, the comments about a US-Germany reset are positive.

This article was written by Adam Button at www.forexlive.com.

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