US treasury secretary denies Trump tariffs are tax on Americans
Source: The Guardian
Sun 7 Sep 2025 17.02 EDT
Last modified on Mon 8 Sep 2025 07.10 EDT
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 Trumps tariffs policy will cost them billions of dollars annually.
Addressing Welker, Bessent said: Youre taking these from earnings calls, and on earnings calls, they have to give the draconian scenario. There arent companies coming out and saying, Oh, because of the tariffs, were 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.
As concerns continue to grow over American companies trying to pass on the cost of US tariffs on to everyday Americans, Welker asked: Do you acknowledge that these tariffs are attacks on American consumers? To which Bessent replied: No, I dont.
Read more: https://www.theguardian.com/us-news/2025/sep/07/us-treasury-secretary-trump-tariffs


marble falls
(68,530 posts)Brainfodder
(7,781 posts)
popsdenver
(471 posts)Between Republican Politicians, along with all those in Trump's CABAL, and a crack whore street walker????????
The Crack Whore Street Walkers have things they absolutely, positively,.... will NOT DO,..... for ANY AMOUNT OF MONEY.......
Seriously !!!!!!!!!!!!!!!!!!! Especially the entire group of Republican Women that surround Trump and fawn over him constantly......
Brainfodder
(7,781 posts)
popsdenver
(471 posts)where they all don't know......... HOW NOT TO LIE................
Lovie777
(20,237 posts)can they ever tell the truth.

RazorbackExpat
(595 posts)is like garlic and silver bullets to a vampire
BootinUp
(50,394 posts)Hey Joe
(223 posts)who brings to mind the phrase-
The banality of evil.
He could give a shit about average working people since he has never known work.
Hedge fund manager indeed.
Karasu
(2,003 posts)agingdem
(8,637 posts)Trump's people, the assholes who refused to vote for a woman/a black woman, the same people who were gleefully anticipating Trump "owning the libs" are the same racist idiots feeling the pain of Trump's tariffs...generational farms going bust, homebuilders unable to sell their homes on the ground/new cars sitting unsold on the lot...Trump and his emissaries attempts to gaslight the "benefits" of tariffs don't work when his die-hard voters can't afford groceries/school supplies/clothing..
House of Roberts
(6,236 posts)When all the gains/wealth go to the top, the only place the money goes is into investment. That giant sucking sound Perot referenced was actually all the money being sucked up by the wealthiest from the rest of us.
BumRushDaShow
(160,136 posts)They have been putting almost all of their betting "chips" (literal and figurative) into the "AI" bubble, and on any industries that support that.
Hugin
(36,870 posts)The biggest economic heat sink in history.
BumRushDaShow
(160,136 posts)not only as a fiat for exchange, but like AI, for the industries that create the facilities that "mine" it.
House of Roberts
(6,236 posts)is always going to turn into a bubble. That's why they call it a boom, bubble, bust cycle every time the wealthy get too much.
BumRushDaShow
(160,136 posts)because apparently some of the survivors of the dotcoms are going full on insane with this now and have managed to steal the money from the peons to be able to do it.
House of Roberts
(6,236 posts)Like any investment scam, it's knowing not to stay too long and be the one left holding the 'hot potato'. If you're not privy to when that is, you're better off not playing.
BumRushDaShow
(160,136 posts)that both Microsoft and Apple have been a bit tepid on it (and are getting pummeled by the "tech business" media).
Meta (Facebook, etc) and Alphabet (Google, etc) have gone all in.
FakeNoose
(38,628 posts)After they've crashed our economy to smithereens and shut down all of our banks, how much is their crypto going to actually be worth? If Ross Perot were still live today, he'd have his hands in it too. I'm sure of it. He just wouldn't tell anybody.
Historic NY
(39,278 posts)lark
(25,446 posts)Authortarian fluffers and truth deniners.
wolfie001
(6,127 posts)Also, tRUMP bootlicker. Not much else to say.
cstanleytech
(27,940 posts)Of course if you redirect all of the money towards National Free Healthcare system I willing to reconsider it.
republianmushroom
(21,371 posts)Shove it dude.
OLDMDDEM
(2,721 posts)Pas-de-Calais
(10,176 posts)BaronChocula
(3,324 posts)That tariffs are paid by the importer and not by the exporter so...
Wiz Imp
(7,116 posts)Um, yes there are. Tons of them.
https://thehill.com/opinion/5294769-small-business-owners-fight-tariffs/
Tariffs will mean the end for my small business
https://www.cbsnews.com/texas/news/small-business-owner-worries-trumps-tariffs-may-force-her-store-to-close-its-doors/
Small business owner worries Trump's tariffs may force her store to close its doors
https://www.syracuse.com/business/2025/04/trump-tariffs-crippled-us-small-business-on-canada-border-its-now-closing.html
Trump tariffs crippled US small business on Canada border: Its now closing
https://www.facebook.com/fox12oregon/posts/a-local-business-says-they-will-be-forced-to-close-because-of-president-trumps-t/1090767576424488/
A local business says they will be forced to close because of President Trumps tariffs on China.
https://www.cato.org/commentary/here-are-202-companies-hurt-trumps-tariffs
Here Are 202 Companies Hurt by Trumps Tariffs
https://www.americanprogress.org/article/the-trump-administrations-trade-wars-are-crushing-u-s-small-businesses/
The Trump Administrations Trade Wars Are Crushing U.S. Small Businesses
mdbl
(7,355 posts)Bessent has it down. He has proven he has no ethics, scruples or morals. Perfect maga-man.