Bessent: Trump and Soros have no patience when making high-risk trades.

On July 11, Jin10 reported that U.S. Treasury Secretary Basant spoke at the annual meeting of Allen & Co., known as the “Billionaire Summer Camp.” The host asked Basant to compare his current “boss” with his former boss. Basant said that President Trump shares a common personality trait with his former boss, financial tycoon Soros: both lack patience when engaging in high-risk trades. According to those present, Basant mentioned that Trump and Soros are similar in character, demands, and impatience. While discussing tariff announcements, he advised Trump to be patient. Insiders said that Basant believes Trump has a unique ability to identify problems and find solutions, but in implementation, he sometimes lacks patience. In response to audience questions, Basant downplayed the impact of tariffs on inflation and predicted two rate cuts this year, adding that long-term borrowing costs could remain in line with pre-pandemic levels.