Treasury Secretary Scott Bessent has struggled to stay on message and appeared to be rattled after the ‘reciprocal but not reciprocal’ tariffs were announced by Trump.
Today, Political reports that he was scheduled to speak with a group of Republican House members about tariffs today but that those lawmakers were told Bessent was called into a meeting with Trump.
There are some knives out after the poor rollout of tariffs and Howard Lutnick — who lobbied hard for Treasury Secretary — has been unusually quiet.
Perhaps not coincidentally, Apollo CEO Marc Rowan — who was also a candidate for Treasury Secretary — was on CNBC today.
Is it too soon to get a cabinet shuffle? Absolutely. Moving Bessent would rattle markets even more as he’s seen as one of the more rational cabinet members.
