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Treasury Secretary Stumbles Over Tariff Costs in Viral Hearing Exchange

Scott Bessent's inability to clearly answer who pays tariffs intensifies scrutiny of the Trump administration's trade policies.

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Overview

  • During a congressional hearing, Rep. Mark Pocan repeatedly asked Treasury Secretary Scott Bessent who pays tariffs, but Bessent failed to provide a direct answer.
  • Bessent described the question as 'very complicated,' frustrating lawmakers and drawing bipartisan criticism.
  • American importers pay tariffs upfront, often passing costs to consumers, contradicting the administration's narrative that China bears the burden.
  • The exchange highlights broader concerns about the administration's trade messaging and the economic impact of tariffs on U.S. businesses and consumers.
  • The viral clip has amplified doubts over the coherence and accountability of the administration's tariff strategy amidst stalled U.S.-China trade negotiations.