US EditionEmpty shelves? US Treasury secretary not concerned 'at present'
- US Treasury Secretary Scott Bessent addressed concerns on Monday regarding potential American goods shortages.
- President Trump recently imposed tariffs on most nations, specifically targeting Chinese imports with high levies.
- The tariffs included a 145 percent levy on Chinese goods, prompting China to retaliate with its own targeted measures.
- Bessent stated he was "not concerned 'at present'," believing retailers had already "preordered" sufficient stock.
- His remarks drew online criticism while some experts predict US imports could plunge by at least 20 percent.
37 Articles
37 Articles
'Terrible': Expert shreds Trump official's 'empty shelves' defense
A prominent economist is challenging U.S. Treasury Secretary Scott Bessent’s claims about the impact of President Donald Trump’s tariff war on Americans’ ability to access goods in stores and online.Bessent, a hedge fund manager and Trump donor and fundraiser, was asked on Monday if he’s worried abo...
'Prices Go Up': Economist Mocks Treasury Secretary's 'Empty Shelves' Position
A prominent economist is challenging U.S. Treasury Secretary Scott Bessent’s claims about the impact of President Donald Trump’s tariff war on Americans’ ability to access goods in stores and online. Bessent, a hedge fund manager and Trump donor and fundraiser, was asked on Monday if he’s worried about the possibility of empty shelves. “Not at present,” Bessent told Fox News. “We have some great retailers. I assume they preordered.” Appearing to…
Treasury Secretary Ripped After Explaining Why He's Not Concerned About Empty Shelves Amid Trade War
Treasury Secretary Scott Bessent was criticized after telling Fox News host Brian Kilmeade that he's not concerned "at present" about the possibility of empty shelves in stores amid President Donald Trump's trade war, defending the practices of "great retailers" that he expects will weather the storm. Trump has escalated a growing trade war by imposing tariffs of up to 145% on Chinese imports, prompting China to retaliate with its own 125% tari…
TVA Nouvelles
Le Journal de Quebec"I don't think we'll have any shock on supply chains," said US Treasury Secretary Scott Bessent on Tuesday.
"I don't think we'll have any shock on the supply chains," said US Treasury Secretary Scott Bessent on Tuesday, as concerns progress on possible risks that could lead to empty shelves in the United States.
sgtreport.com
Mish Talk - Global Economic Trend AnalysisShipping Collapse: Port Workers and Truckers Wait for the Ships to Come In
by Mish Shedlock, Mish Talk: Orders have been cancelled, but the primary impacts are not felt yet. Waiting for the Ships The Seattle Times reports Tariff Tit-for-Tat has Seattle Waiting for the Ships to Come In Like many of his neighbors near the Seattle waterfront, Alex Smith keeps a close eye on the big container ships […]
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