Treasury Secretary Scott Bessent said the Trump administration sees a long-term role for tariff revenue in U.S. fiscal policy, and he backed President Donald Trump’s assertion over the weekend that the levies could help pay for tax cuts.
Bessent joined today’s White House briefing to talk about the economy. We asked a few questions about tariffs and the U.S. manufacturing sector. Specifically, whether the Trump administration’s main objective was bolstering tariff revenue or reaching new trade deals, which would theoretically lower that revenue.
