💨 Abstract

The Union Bank of India report predicts a hawkish approach by the Trump 2.0 cabinet, focusing on changes in fiscal policy, foreign relations, and national security. New Treasury Secretary Scott Bessent aims to maintain the dollar's dominance, advocate for permanent tax cuts, and use tariffs in trade negotiations. The cabinet intends to reduce the US budget deficit and take a hardline stance on China, particularly Secretary of State Marco Rubio.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖