Scott Bessent, Trump and tariffs
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Tariffs, Walmart and Scott Bessent
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Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
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"So, if we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent said of ongoing trade talks.
Peter Schiff criticized Scott Bessent for downplaying Trump's tax cuts in the recent Moody's downgrade, instead blaming Biden administration.
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There are 18 “important” trading partners that the United States is most focused on solidifying deals with, Bessent said. He did not say how quickly tariff rates could revert to “reciprocal” rates.
This is the first time we’ve met, is that correct?” she asked, attempting to make a point about Bessent not being responsive to the numerous requests she made to his office.
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Mediaite on MSNScott Bessent Dodges Questions On Trade Negotiations In Tense Hearing Exchange: ‘Detrimental… For Me To Answer That’Rep. Nydia Velazquez (D-NY) grilled Treasury Secretary Scott Bessent on Wednesday as he testified before the House Financial Services Committee.
Treasury Secretary Scott Bessent stated that the Trump administration’s tariff overhaul has positioned the U.S. for better trade deals with foreign countries, while downplaying Moody’s