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U.S. Treasury Secretary Scott Bessent said the Biden administration’s 145% tariff on Chinese imports has not, to date, harmed the broader economy or financial markets. In a July 3 interview with CNBC, Bessent remarked, “What we’ve seen so far is that tariffs haven’t hurt,” adding that the equity market has staged the fastest recovery on record and is trading at new highs. Bessent’s comments countered earlier warnings that the sweeping import levy, imposed on April 9, might weigh on growth and corporate profits. While he acknowledged the tariff’s scale, the Treasury chief argued that current economic data and market performance show limited fallout, suggesting policy makers will continue monitoring conditions before considering any adjustments.
CNBC: “But then there’s also tariffs which could hurt.” Treasury Secretary Scott Bessent: “What we’ve seen so far is that tariffs haven’t hurt. The dog that didn't bark was that tariffs were going to hurt the economy; were going to hurt the market — market had the fastest https://t.co/y1YiZjOPiN
🚨 BREAKING - Scott Bessent was right about everything "The dog that didn't bark was that tariffs were going to hurt the economy; were going to hurt the market — market had the fastest recovery ever... we're at new highs in the market." https://t.co/GGBhoam0Mw
🚨 BREAKING - Scott Bessent DESTROYS democrats and their LIES on Trump's Tariffs "hurting" the economy "The dog that didn't bark was that tariffs were going to hurt the economy; were going to hurt the market — market had the fastest recovery ever... we're at new highs in the
