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New Treasury Sec. Scott Bessent Says Tariffs Could Bring In $2.5 Trillion, Promises Minimal Impact on Consumers

rendall6
Feb 201 min read

Treasury Secretary Scott Bessent broke down what he said are the potential fiscal benefits

and minimal consumer impacts of implementing global tariffs. Bessent said that leveraging tariffs could fundamentally alter the economic landscape without burdening consumers. “I think that very little of that would be passed on to the consumer, that I think the currency adjusts. I think that, especially China, that the companies on the other side, the exporters, are going to eat a lot of the cost,” Bessent said.

 
 
 

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