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Becent says the EU is unlikely to respond quickly to Trump's tariffs, hinting that the Fed chair nominee may be announced by the end of the month

Becent says the EU is unlikely to respond quickly to Trump's tariffs, hinting that the Fed chair nominee may be announced by the end of the month

AIcoinAIcoin2026/01/20 07:32
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On January 20, U.S. Treasury Secretary Bessent stated that the European Union may not be able to quickly take a tough response to Trump's "Greenland Tariffs," and is more likely to establish a "terrible European task force." He believes that the EU, composed of 27 member states, is inefficient in decision-making and finds it difficult to effectively counter or quickly deploy "anti-coercion tools." While attending the World Economic Forum in Davos, Switzerland, Bessent told reporters that Washington does not take the possibility of the EU using this trade weapon seriously. In addition, Bessent revealed that the next Federal Reserve Chair is expected to be announced before the end of January.
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