Treasury Secretary Bessent Discusses Potential Tariffs and Government Shutdown
Treasury Secretary Scott Bessent announced that countries can avoid impending tariffs planned by the Trump administration by reducing trade barriers. He emphasized that nations deemed to be poor trading partners are engaging in discussions to address these concerns. Bessent elaborated that each country will receive a specific tariff number, with some tariffs being relatively low while others may be significantly higher. He warned that if countries fail to halt unfair trading practices, they could face reciprocal tariffs. Furthermore, Bessent criticized Democrats, suggesting they would be responsible for any government shutdown that could harm the economy. The conversation around tariffs also included comments on the value of cheap goods versus wages in the U.S., asserting that access to inexpensive items is not aligned with the American dream.
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