Exclusive: Treasury Secretary Scott Bessent Details Trump's Tariff Plans

Contributing sentiments towards policy:

72% : " Overall, though, Bessent said that the general sense from the international business community is a massively increased interest in investment in the U.S. since Trump won in November, something he expects to continue.
65% : They include tax relief, deregulation, energy improvements, and an "abundant workforce.
45% : It's a multi-year process, but we're just seeing the beginning of it." Asked what kind of revenue he would estimate Trump's newly-created External Revenue Service -- which the president announced to collect monies from tariffs worldwide -- may bring in, Bessent said it is too early to tell because it is unclear how other countries will respond to Trump balancing the equation to address the unfair treatment of the United States worldwide. "Back to your question on reciprocal tariffs, we actually don't know because the reciprocal tariffs could go either way," Bessent said.
45% : So, there is a chance that we on an annual basis could be collecting several hundred million dollars per year in tariffs, or the trade friction could drop, free trade becomes fair again, and we'll see which way it goes.
40% : Five presidents could not get them to do it, and President Trump has done it.
36% : " Asked about this comment, and how companies will be incentivized to come back to the U.S., Bessent said that what Trump wants is "fair trade," something that does not currently exist.
35% : " Trump on Truth Social last week argued that the U.S. does not have free trade anywhere in the world.
30% : The initial phase one tariffs from Trump 1.0 I think are collecting $30 or $40 billion a year which go to pay for a lot of tax cuts for working Americans.
29% : "With President Trump, it's never in a straight line.

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