Bessent defends tariffs in part by saying dollar will gain, but there's skepticism over that
When asked to defend Trump's tariff plans, Bessent said in part that the U.S. dollar could appreciate by 4% in response to a 10% levy "so the 10% is not passed through" to consumers. But there's skepticism about that from one expert at the right-leaning American Enterprise Institute,
Trump’s pick to lead the Treasury Department backs tariffs and extended tax cuts during confirmation hearing
South Carolina billionaire investor and hedge-fund manager Scott Bessent faced questioning on Capitol Hill Thursday during his Senate confirmation hearing to be the country’s next treasury secretary.
President-elect Donald Trump's pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is ...
15hon MSN
President-elect Donald Trump’s pick to run the Treasury Department does not expect the incoming president’s proposed tariffs ...
Scott Bessent told Sen. Ron Wyden, during his confirmation hearing to serve as Donald Trump's Treasury Secretary, he believes ...
President-elect Donald Trump's Treasury secretary nominee Scott Bessent favors imposing tariffs on China, sanctions on Russia ...
Trump's picks fit into three groups: the fortifiers (the good), the detractors (the bad), and the mercurial influencers who ...
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Donald Trump's nominee for Treasury Secretary Scott Bessent discussed three ways the U.S. could use tariffs during his confirmation hearing Thursday: BESSENT: The American people should think about ...
Scott Bessent called carbon tariffs against the Chinese an “interesting idea” but balked at the idea of a “clean energy race.
Treasury Secretary nominee Scott Bessent sparred with the Senate Finance Committee over the future direction of fiscal policy ...
Bessent today could again push back on the view that Trump’s economic policies — such as tariff increases, tax cuts that ...
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