Scott Bessent shapes the Treasury Secretary Trump’s Trade War

On Thursday, at a cabinet meeting, the US capital indicators showed new signs of concentration in Trump’s trade policy, and the president applied to Scott Bessent for an update in the markets.

“I’m not ……

“We will end in a great confidence in the next 90 days on the tariffs,” he said.

The 62-year-old former Hedgehoga Foundation manager in South Carolina may have desirable thinking.

Prior to him, during the financial crisis from Treasury Secretaries, Tim Geither and Hank Paulson, Steven Mnuchin and Janet met with serious economic problems and Hanka Paulson. However, Bessent, many imported goods from all over the world, are accused of managing the shock to the world after applying the world’s highest tasks with high-level trade partners.

Trump has ripped back this week in a way this week this week, in response to investor pressure, US assets continued. Bessent risks are known not only to separate the global economy, but also to the US markets, but also in the world of human markets that can threaten the status of the world.

“We can fully aim for a serious financial crisis by the US government tariff policy.

However, the highest official between the supporters, Bessent, a potential Savior, Trump and the full-blown global trade war, appeared as a leadership in a management, otherwise stiffs. After meeting with Trump in Florida last Sunday, the US President accused the door of talks with Japan and South Korea. On Tuesday, except Wednesday, Trump was in the oval office in Balsend when the Trump announced a 90-day break in the stiding tariffs.

“He is a perfect person to return the course of the President Trump’s diary,” said Michael Oliver Weinberg, Financial and Economy in the University of Columbia Professor. “Some people in the administration are not related to the economy, markets, booms and slander, booms and busts, not Scott.”

Bessent was born in 1962 in Conway near South Carolina, Myrtle Beach, Coastle Beach. His father was a property investor and his mother helped to manage the family’s work.

Yale University, a degree in political sciences before developing a passion for finance: The first major break was joined by the Soros Foundation in the 1990s, joining the billionaire Liberal investor George Soros. He played a key role in the London office and the group’s lucrative bets against the pound.

“In London, London really was the person who provided the basic and thesis, which provides economic basic and thesis to get out of the exchange rate mechanism,” said Weinberg. During a second stint for Soros, Bessent made another successful bet – this time against the Japanese new.

In 2011, John Freeman, a former New York prosecutor, has two children and has recently enjoyed a large number of people’s historical Pink Pink Pink in Charleston, South Carolina. “When I finished me in 1984 and people were killed in AIDS, I would be legally married in 30 years and will be two children with surrogation,” he said.

In 2015, Bessent left Soros, which will find the key square group of their own hedge fund. The action coincided with the growing support for Trump’s political desires. Trump donated to the inauguration ceremony in 2017 and became a large campaign donor in 2024 – the tax discount and regulation area. “Always had money,” said a financier who was close to him. “He lives well – private planes, beautiful houses.”

After winning the second winning Trump, Bessent was a Stephen Bannon, a champion political strategist to become a treasury secretary. “He is my son,” said Bannon wrote to FT’s text message. “A ‘war room’ has been a contributor for 2 years – Maga loves it,” Bannon now appealed to the podcast.

In the first few months of Bessent, there was never an easy walk in the office. Trump has signed a contract with Ukraine to provide access to mineral and natural resources. Has not yet been signed. The S & P 500 index, 13 percent for the swearing rate of 13 percent, 10 years of treasury bond fertility, despite the sale, despite the sale – it shows that investors believe in safe shelter status. The Democrats attacked him as an illegal and stranger. “We need a treasure secretary in the real world,” he said. Elizabeth Warren this week.

Will the jury be able to make Bessent Trump’s commercial war on markets, economics and foreign governments? “He has always been a very personal person who works in small teams … Under the radar,” he said, a financier who knows it. “Now, suddenly it is a high-profile public figure in the center of the chaos.”

Additional Report by Myles McCormick

James.politi@ft.com, amelia.pollard@ft.com, james.fontanella@ft.com