Another great choice by Press Sec Karoline Leavitt for the “new media seat” – Punchbowl News and Brendan Pederson…

Pederson: “On tariffs, the Preesident said over the weekend that we are hoping that maybe tariff revenues could replace income tax, but we also keep hearing about the deals that the administration is pursuing. So, my question is, what is the White House’s ultimate objective here? Do you want to have long term tariff revenue or deals that might reduce those tariffs?”

Treasury Secretary Scott Bessent: “I think it’s a combination of both. So we’re going to take in long term tariff revenue. We put a process in place. We have 18 important trading relationships. We will be speaking to all of those partners, or at least 17 of them, over the next few weeks. Many of them have already come to Washington. What President Trump is referring to is the ability for tariff revenue to give income tax relief and I think there’s a very good chance that we will see this in the upcoming tax bill. The President campaigned on no tax on tips, no tax on Social Security, no tax on overtime, and the restoring interest deductibility for autos — for American made autos. So tariff income could be used for tax relief on all those immediately.”

https://www.facebook.com/HygoNewsUSA/videos/714534120926547
Q: On tariffs, want long term tariff revenue or deals reduce those tariffs? Bessent: combination of both