36%
IsItCap Score
Truth Potential MeterVery Low Credibility
Very Low Credibility
theguardian.com
US treasury secretary denies Trump tariffs are tax on Americans | Trump tariffs | The Guardian
<strong>The US treasury secretary, Scott Bessent, has refused to acknowledge that the sweeping trade tariffs imposed by Donald Trump around the world are taxes on Americans.</strong>
cnn.com
Inside Trump’s tariff retreat: How fears of a bond market catastrophe convinced Trump to hit the pause button | CNN Politics
The growing alarm inside the Treasury Department over developments in the bond market was a central factor in Trump’s decision to hit pause on his “reciprocal” tariff regime, according to three people familiar with the matter. Treasury Secretary Scott Bessent raised those concerns directly to Trump Wednesday in a meeting that preceded the pause announcement, underscoring concerns shared by White House economic officials who had briefed Trump on the accelerating selloff in the US Treasury market earlier in the day.
en.wikipedia.org
Tariffs in the first Trump administration - Wikipedia
<strong>Treasury secretary Steven Mnuchin and Trump senior advisor Jared Kushner also opposed the action.</strong> Grassley, whose committee is instrumental in passing USMCA, was not informed in advance of Trump's surprise announcement.
nytimes.com
Inside Trump’s Reversal on Tariffs: From ‘Be Cool!’ to ‘Getting Yippy’ - The New York Times
Behind the scenes, senior members of Mr. Trump’s team had feared a financial panic that could spiral out of control and potentially devastate the economy. Treasury Secretary Scott Bessent and others on the president’s team, including Vice President JD Vance, had been pushing for a more structured approach to the trade conflict that would focus on isolating China as the worst actor while still sending a broader message that Mr.
reddit.com
r/economy on Reddit: US treasury secretary denies Trump tariffs are tax on Americans | Billionaire Scott Bessent dismisses concerns about president’s levies and predicts ‘accelera…
Tariffs can be thought of as a "sales tax" -- the worst kind of tax, a highly regressive tax which impacts the working classes the most. ... Tax revenue from the rich and corporations. Full stop. ... Yes if you tell Walmart to freeze all prices. Ha Ha More replies ... From his interviews, you can tell by his expressions that he knows he's lying.
nytimes.com
Bessent Defends Trump’s Use of Tariffs, Says They Are Not Fueling Inflation - The New York Times
The Treasury secretary pushed back against criticism that Mr. Trump’s tariffs are harming the economy. He said that inflation is lower in red states than in blue states, but <strong>did not provide evidence to back up that assertion</strong>.
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