It’s Main Street’s Turn!
That, pretty much sums up Treasury Secretary Scott Bessent’s views on the new round of trade tariffs being imposed by the administration of President Donald Trump. Wall Street has enjoyed bumper profits, but Main Street has suffered over the past 20 years, particularly as imports from Communist China has flooded the marketplace.
Now, the United States will begin to rebuild its industrial and manufacturing industries, focusing on those industries that have been shown to have supply-side problems. Those include pharmaceuticals, semiconductors, steel and ship building, all of which raise flags as national security issues.
Here, Bessent talks over the tariffs with Tucker Carlson.
