US treasury secretary denies Trump tariffs are tax on Americans | Trump tariffs
US Treasury Secretary Scott Bessent refused to admit that Donald Trump’s extensive trade tariffs worldwide are tax on Americans.
On Sunday, NBC host Kristen Welker rejected Trump’s tariff policy for billions of dollars a year in a new interview with Bessent, former billionaire Hedge fund manager, and rejected great American companies such as Nike and Black and Decker, who said that the tariff policy would cost billions of dollars a year.
Bessent, who appealed to Welker, said: “You get them from the calls for earnings and in their calls for earnings, they have to give the brutal scenario. Companies come out and do this because of tariffs. ‘
“If things are so bad, why 3.3%are? Why is the stock market at a new summit? Because you know, we care about both big companies and small companies with President Trump.”
As Welker asked as long as the worries about American companies trying to transfer the cost of US tariffs to daily Americans, Welker asked: mı Do you accept that these tariffs are attacking American consumers? ” Besten answered: “No, I don’t know.”
Bessent’s last interview found that Trump exceeded the Presidential authority when Trump applied shock waves to the country in global markets earlier this year.
Tariffs formed a 10% foundation for almost all US trade partners. Trump also brought the so -called “mutual” tariffs imposed on countries he accused of unjust treatment of trade in trade. Lesoto, a South African country of 2.3 million people, encountered 50% tariff, while Trump has brought 10% tariff to a group of deserts hosting penguins near Antarctica.
In response to the decision of the Federal Court of Appeal, the Trump administration recently asked the US Supreme Court to overthrow the decision.
Speaking about whether the Trump administration would be ready to offer discounts if the Supreme Court sets rules against the administration, Bessent said, “We would have to make a refund about half of the tariffs that would be terrible for the Treasury… ‘No ready’.
However, besi, conservative, mostly confident that the Supreme Court will be with the Trump administration: ım I am sure that we will win in the high court. But there are many other ways we can take.
BESSENT’S COMMENTS also came to the heels of the newly published data from the Bureau of Statistics of the Working Statistics. clarified In August, 12,000 production work disappeared and Trump has announced a total of 42,000 job losses since April, when it was announced.
“These figures are evidence that the tariffs cannot produce the promised manufacturing work promised by President Trump?” “It’s been a few months. And with the manufacturing industry,… We can’t catch our fingers and we can’t build factories,” Welker asked.
Bessent, “the fourth quarter will see a significant acceleration,” he believes he believes.
In addition to a decrease in manufacturing employment since April, business openings and recruitment fell 76,000 and 18,000 respectively. accordingly American progress center.
According to economists, Trump’s tariffs are expected to cost American households for $ 2,400 per year, while the wage increase between production workers remains stagnant under tariffs.
In August, production workers won an average of $ 35.50 on an average hourly, and the center increased only 10 cents from July.
