Treasury Secretary Scott Bessent basically told the rest of the world to just sit back and take it during an interview with Fox’s Bret Baier. This guy already admitted that there very well could be a Trump recession, and that was before Trump’s insane “liberation day” tariff executive orders this Wednesday.
The look of pain on Bessent’s face during this interview with Fox’s Bret Baier tells you all you need to know on how he really feels about having to defend this insanity:
Treasury Secretary Scott Bessent offered a three-word reply on Wednesday to countries looking to respond to the United States’ broad tariffs: “Do not retaliate.”President Donald Trump announced on his self-proclaimed “Liberation Day” a 10% baseline tariff across the board and retaliatory tariffs on some of the country’s closest allies, who he says are taking advantage of the U.S.
Among some notable tariffs are 34% on China, 20% on the European Union, 24% on Japan and 32% on Taiwan.
