Treasury Secretary Scott Bessent Discusses Trump’s Tariffs and the U.S. Economy

There’s a big difference between longer form interviews and the 20 second hit jobs you see on legacy media. In this interview, Treasury Secretary Scott Bessent discusses Trump’s tariff plan. He makes two main points. This is an effort to bring back the middle class. Second, his main concern is that the US no longer manufactures physical things and this constitutes a major security risk. I agree with both of these points. I don’t claim to know all of the risks and benefits of jacking up tariffs, but I do know that the countries who are most complaining are the ones who have been nailing the US with tariffs for years. Bessent also discusses the effect of tariffs on the US stock market, making the argument that the market is lagging in reaction to far more than the tariffs. Further, in recent times, the fact that the market has generally been rising has not reflected the true state of the US economy, especially on Main Street. I also agree with Batya Ungar-Sargon, who has made a strong case that the biggest divide today in the US is between the long-suffering middle class and the wealthier elites, who have become the main concern of Democrats.

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Erich Vieth

Erich Vieth is an attorney focusing on civil rights (including First Amendment), consumer law litigation and appellate practice. At this website often writes about censorship, corporate news media corruption and cognitive science. He is also a working musician, artist and a writer, having founded Dangerous Intersection in 2006. Erich lives in St. Louis, Missouri with his two daughters.

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