- Aug 18, 2012
- 25,659
- 21,626
- Country
- United States
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- Male
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- Christian
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- Married
....they finally figured that out?
Scott Bessent, the Treasury secretary, said on Fox News Wednesday that the administration would be making “substantial” announcements about tariff exemptions over the next few days, saying that they would target “things we don’t grow here.”
He named coffee, bananas and other fruits. “So that will bring the prices down very quickly,” he said.
...it seems the administration is finally admitting that tariffs increase prices.
The Trump administration is preparing broad exemptions to certain tariffs in an effort to ease elevated food prices that have provoked anxiety for American consumers, according to three people briefed on the actions.
The change would apply to certain reciprocal tariffs the president announced in April, including on products coming from countries that have not struck trade deals with the administration, the people said, discussing a pending announcement on the condition of anonymity.
Scott Bessent, the Treasury secretary, said on Fox News Wednesday that the administration would be making “substantial” announcements about tariff exemptions over the next few days, saying that they would target “things we don’t grow here.”
He named coffee, bananas and other fruits. “So that will bring the prices down very quickly,” he said.
...it seems the administration is finally admitting that tariffs increase prices.
The Trump administration is preparing broad exemptions to certain tariffs in an effort to ease elevated food prices that have provoked anxiety for American consumers, according to three people briefed on the actions.
The change would apply to certain reciprocal tariffs the president announced in April, including on products coming from countries that have not struck trade deals with the administration, the people said, discussing a pending announcement on the condition of anonymity.