The appointment of US Treasury Secretary Scott Bessent as tariff chief is intended to bring some calm to the ongoing chaos in the administration of US President Donald Trump, writes German tabloid Bild.
„In Washington, the rise of Bessent (a respected Wall Street investor and former hedge fund manager) is intended to bring some calm to the trade thriller. He is seen as a voice of reason in the constant chaos of the Trump administration“, the article says.
According to the publication, the decision is seen as a clear signal that the tariff war against the entire world unleashed by President Trump is not going as planned plan.
“Trade adviser Peter Navarro, whom billionaire Elon Musk called “dumber than a sack of bricks“, will probably go out of business“, writes Bild.
According to the publication, Navarro has already been designated as a “scapegoat“ in case the fiasco surrounding Trump's long-awaited reorganization of the global economy turns into an “own goal“.