Treasury Secretary Scott Bessent faces lawmakers amid trade war
Share this @internewscast.com


() Members of the House Appropriations Committee questioned Treasury Secretary Scott Bessent on Tuesday amid an escalating trade war, where he admitted the United States is not currently in negotiations with China.

Bessent appeared as the Trump administration faces stock market turmoil and increasing fears of a recession among voters.

In an exchange with Rep. Mark Pocan, D-Wis., Bessent went silent when asked who paid tariffs, before attempting to say it was complicated and avoiding giving a straight answer.

He also defended the idea of “strategic uncertainty” in negotiations. Pocan pushed back by noting that small businesses can’t face the same kind of uncertainty as large corporations and will be the ones pushed out of business.

Trump continues to claim tariffs will help country in the long run

President Donald Trump’s steep tariffs on China have led to warnings of shortages and high prices, with some experts warning consumers could start seeing empty shelves in a matter of days.

Trump has not backed down from his insistence that tariffs will benefit the country in the long term and has claimed that multiple countries have been making deals to provide more favorable trade conditions to the U.S. in exchange for lower tariffs.

None of those deals have been announced, however, and China has repeatedly rejected assertions from the White House that it is ready to make deal.

Trump paused some tariffs in April, but import taxes remained for China

In April, Trump announced that he would be pausing a lot of his tariffs for 90 days. However, that didn’t apply to import taxes on products shipped from China. Companies like Temu and Shein have already raised prices on consumers due to these tariffs.

These changes started April 25, a week before the end of the de minimis rule, which lets low-value packages skip certain paperwork and enter the U.S. duty-free. This rule was created because import taxes would sometimes cost more than the package itself.

Some electronics, like smartphones, have been excluded from tariffs as of now. Tim Cook, Apple’s CEO, said the tariffs were projected to add $900 million to the company’s costs in the June quarter.

Share this @internewscast.com
You May Also Like

Survey Reveals Teenagers’ Growing Disinterest in Traditional News Media

NEW YORK – From a young age, Cat Murphy had a clear…

Trump’s Pardon Pledge Could Change Fate of Honduras’ Former Leader in Prison

TEGUCIGALPA – Juan Orlando Hernández, the former leader of Honduras, once a…

Trump Calls for Closure of Venezuelan Airspace Amid Tensions: Maduro Decries ‘Colonial Threat

WEST PALM BEACH, Fla. – On Saturday, President Donald Trump declared that…

Texas Congressman Troy Nehls Announces Retirement Plans for 2026

In a recent announcement, Republican U.S. Representative Troy Nehls from Texas revealed…

Unwrapping Joy: How Acts of Kindness Boost Wellbeing During the Holidays and Year-Round

WASHINGTON – As the holiday season approaches, it’s not only a time…

Union High School Triumphs in Playoffs with Strong Community Backing

WISE COUNTY, Va. (WJHL) – Enthusiasm filled the air at Phil Robbins…

Venezuelan President Maduro’s Complex Strategy: Balancing Loyalty and Punishment

CARACAS – In a surprising twist of attitude, Venezuelan President Nicolás Maduro,…

Experience the Magic: Johnson City’s Candyland Christmas Trees Illuminate the Holiday Season

JOHNSON CITY, Tenn. (WJHL) — On Saturday evening, the heart of Johnson…

Exciting Rivalry Week Showdowns Could Shake Up AP Top 25 Rankings

The closing week of the college football regular season saw traditional rivals…

Revitalize Your Community: How Small Business Saturday Empowers Local Shops and Drives Sales

In Johnson City, Tennessee, enthusiastic shoppers faced chilly temperatures on Saturday to…

Honduras Prepares for Tight Presidential Race Amid Unexpected Trump Influence

TEGUCIGALPA – As Honduras approaches its presidential election this Sunday, the nation…

Two Lanes Shut Down After I-81 North Accident in Bristol

A multi-vehicle accident has resulted in the closure of lanes on Interstate…