Bessent warns retaliation could raise ‘ceiling’ of reciprocal tariffs

April 6 — Treasury Sec. Scott Bessent, Sen. James Lankford and Sen. Adam Schiff

Days after President Trump announced sweeping tariffs, Treasury Sec. Scott Bessent joins Meet the Press to discuss the effects on the markets and global trade. Sen. James Lankford (R-Okla.) reacts to the tariffs and talks about how Congress could intervene. Sen. Adam Schiff (D-Calif.) discusses Democrats’ strategy to fight back. Leigh Ann Caldwell, Lanhee Chen, Garrett Haake and Neera Tanden join the Meet the Press roundtable.

Bessent to Tucker Carlson in New Interview: New Tariffs Needed to Halt Economic Slide…

Scott Bessent defended the Trump administration’s reciprocal tariffs in an interview with Tucker Carlson. For more than an hour, the Treasury Secretary spoke about President Donald Trump’s trade policy, particularly his main motivations and objectives. Read more]]>

Trump Cabinet official already 'looking for an exit door' after 'hurting his own credibility'

Treasury Secretary Scott Bessent is allegedly leaping for a window after dashing his “credibility” against the rocks of Trump’s disastrous tariffs, claimed MSNBC host Stephanie Ruhle on Friday.“Some [sources] have said to me, he’s looking for an exit door to try to get himself to the Fed, because in the last few days he’s really hurting his own credibility and history in the markets,” Ruhle told MSNBC’s Morning Joe, according to Daily Beast.Bess…

Tariffs May Raise Prices Slightly But Will Deliver Tax Relief for Bottom 50 Percent, Bessent Says

Treasury Secretary Scott Bessent said consumers could see a one-time price increase of about 2 percent for every 10 percent of new tariffs imposed on foreign goods, and that the revenue from tariffs would be used to reduce living costs for lower-income Americans. He noted that under President Donald Trump’s first term, the actual inflationary impact of tariffs was significantly lower. Bessent made the comments during an April 4 interview with Tu…

Scott Bessent Wants Out Already

“Treasury Secretary Scott Bessent is reportedly looking for a way out of the Trump administration following the Republican president’s disastrous tariff rollout damaged his ‘credibility,’ alleged MSNBC host Stephanie Ruhle on Friday,” the Daily Beast reports. Said Ruhle: “Some sources have said to me, he’s looking for an exit door to try to get himself to the Fed, because in the last few days he’s really hurting his own credibility and history i…