Treasury Sec. Scott Bessent continued insulting the intelligence of every American during an interview on this Sunday’s Meet the Press. Even though Bessent had previously admitted that tariffs are price increases, he was back to denying their impact when host Kristen Welker asked him about an article in The New York Times discussing the negative impact the tariffs have had on American companies.
Bessent responded by denying reality instead:
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.
In a new interview on Sunday with NBC host Kristen Welker, Bessent, a former billionaire hedge fund manager, dismissed concerns from major American companies including John Deere, Nike and Black and Decker who have all said that Trump’s tariffs policy will cost them billions of dollars annually.
Addressing Welker, Bessent said: “You’re taking these from earnings calls, and on earnings calls, they have to give the draconian scenario. There aren’t companies coming out and saying, ‘Oh, because of the tariffs, we’re doing this.’”
He went on to add: “If things are so bad, why was the GDP 3.3%? Why is the stock market at a new high? Because, you know, with President Trump, we care both about big companies and small companies.”
