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The Bessent Predicament

Wall Street Journal Markets •
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The smart fix for the Treasury secretary is to dump tariffs and encourage free trade. This opinion piece argues that current trade policies are counterproductive and that a shift toward open markets would better serve economic interests. The author contends that tariffs harm consumers and businesses without achieving strategic goals, while free trade promotes efficiency and growth.

The piece calls for a reversal of protectionist measures to restore confidence in U.S. economic leadership.