Bessent SHUTS DOWN Democrat about Trump’s tariff; carbon, unfair trade & economic manipulation

Treasury Secretary Nominee Scott Bessent SHUTS DOWN Democrat lies about President Trump’s tariff policy

BESSENT: If confirmed, I look forward to working with President Trump on various strategies — some that could be aimed at carbon, others on unfair trade and financing practices — to end economic manipulation by foreign countries.

Treasury Secretary nominee Scott Bessent: “If we do not renew and extend [the Trump tax cuts], then we will be facing an economic calamity, as always with financial instability, that falls on middle and working class people.”

https://www.facebook.com/HygoNewsUSA/videos/493671496689076

Bessent SHUTS DOWN Democrat about Trump’s tariff; carbon, unfair trade & economic manipulation

Key Points

Treasury Secretary Nominee Scott Bessent SHUTS DOWN Democrat lies about President Trump’s tariff policy

BESSENT: If confirmed, I look forward to working with President Trump on various strategies — some that could be aimed at carbon, others on unfair trade and financing practices — to end economic manipulation by foreign countries

• Treasury Secretary nominee Scott Bessent: “If we do not renew and extend [the Trump tax cuts], then we will be facing an economic calamity, as always with financial instability, that falls on middle and working class people

Bessent SHUTS DOWN Democrat about Trump’s tariff; carbon, unfair trade & economic manipulation

Transcript Highlights

The following is transcribed from the video audio:

• I believe these tariffs, you can call it whatever you want in terms of trying to gussy it up
• They’re going to be paid for by our workers and small businesses
• And all through the campaign we heard they weren’t the foreign countries we’re going to pay it
• It’s going to be paid for by workers and small businesses
• And the history of tariffs and tariff theory, optimal tariff theory does not support what you’re saying
• Traditionally we see, we were to say use a number that has been thrown around in the press of 10 percent
• Then traditionally the currency appreciates by 4 percent
• Then we have various elasticities, consumer preferences may change
• And finally foreign manufacturers, especially China, especially China, which is trying to export their way out of their current economic malaise, they will continue cutting prices to maintain market share
• I’ve been very concerned that countries like China manipulate environmental regulations

Full transcript: 536 words transcribed via Whisper AI.