Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

BumRushDaShow

(164,777 posts)
Mon Sep 8, 2025, 07:36 AM Sep 2025

US treasury secretary denies Trump tariffs are tax on Americans

Source: The Guardian

Sun 7 Sep 2025 17.02 EDT
Last modified on Mon 8 Sep 2025 07.10 EDT


US treasury secretary Scott Bessent has refused to acknowledge that the sweeping trade tariffs imposed by Donald Trump around the world are taxes on Americans.

In a new interview on Sunday with NBC host Kristen Welker, Bessent, a former billionaire hedge fund manager, dismissed concerns from major American companies including John Deere, Nike and Black and Decker who have all said that Trump’s tariffs policy will cost them billions of dollars annually.

Addressing Welker, Bessent said: “You’re taking these from earnings calls, and on earnings calls, they have to give the draconian scenario. There aren’t companies coming out and saying, ‘Oh, because of the tariffs, we’re doing this.’” He went on to add: “If things are so bad, why was the GDP 3.3%? Why is the stock market at a new high? Because, you know, with President Trump, we care both about big companies and small companies.”

As concerns continue to grow over American companies trying to pass on the cost of US tariffs on to everyday Americans, Welker asked: “Do you acknowledge that these tariffs are attacks on American consumers?” To which Bessent replied: “No, I don’t.”

Read more: https://www.theguardian.com/us-news/2025/sep/07/us-treasury-secretary-trump-tariffs



31 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
US treasury secretary denies Trump tariffs are tax on Americans (Original Post) BumRushDaShow Sep 2025 OP
Of course he did. Truth hurts. marble falls Sep 2025 #1
Disqualifying BULLSHIT or what? Brainfodder Sep 2025 #2
Do you know the difference popsdenver Sep 2025 #26
Once they ignored his 34 convictions with Republican witnesses+mugshot, I was done taking any of them seriously. Brainfodder Sep 2025 #29
The entire group has gotten to the point popsdenver Sep 2025 #30
Oh for Pete's sake...................... Lovie777 Sep 2025 #3
Nope Ray Bruns Sep 2025 #7
The truth to them RazorbackExpat Sep 2025 #20
Bessent is really making a name for himself. nt BootinUp Sep 2025 #4
Bessent is another White House meat puppet Hey Joe Sep 2025 #21
In towing the line and sucking off his boss? Yeah, he sure has. Karasu Sep 2025 #28
Even Trump's voters aren't buying what Bessent is selling.. agingdem Sep 2025 #5
Why is the stock market so high? House of Roberts Sep 2025 #6
"Why is the stock market so high?" BumRushDaShow Sep 2025 #8
Crypto, too. Hugin Sep 2025 #11
That too BumRushDaShow Sep 2025 #14
Whatever the 'hot' investment is at the time, House of Roberts Sep 2025 #12
This one seems worse than the "dotcom" bubble BumRushDaShow Sep 2025 #15
There will always be gullible 'economic cannon fodder' types. House of Roberts Sep 2025 #16
I noticed BumRushDaShow Sep 2025 #17
Don't forget crypto - they think they're going to cash in on crypto FakeNoose Sep 2025 #22
The shit for brains is clogging his hearing! Historic NY Sep 2025 #9
If they are repugs, they are lying fascist wannabes, every one of them. lark Sep 2025 #10
Lying piece of shit wolfie001 Sep 2025 #13
You can call it any other name you want but it's still a tax. cstanleytech Sep 2025 #18
And he sat in on the cabnet meeting praising their glorious leader. republianmushroom Sep 2025 #19
He's an idiot. He stated a few weeks back that tariffs were a tax on all of us. OLDMDDEM Sep 2025 #23
Bovine Excretement! Pas-de-Calais Sep 2025 #24
Eugene Robinson already got him to admit BaronChocula Sep 2025 #25
"There aren't companies coming out and saying, 'Oh, because of the tariffs, we're doing this.' " Wiz Imp Sep 2025 #27
Lying, gaslighting & being a sycopant to Donald Dump are administration requirements mdbl Sep 2025 #31

popsdenver

(1,370 posts)
26. Do you know the difference
Mon Sep 8, 2025, 02:51 PM
Sep 2025

Between Republican Politicians, along with all those in Trump's CABAL, and a crack whore street walker????????

The Crack Whore Street Walkers have things they absolutely, positively,.... will NOT DO,..... for ANY AMOUNT OF MONEY.......

Seriously !!!!!!!!!!!!!!!!!!! Especially the entire group of Republican Women that surround Trump and fawn over him constantly......

Brainfodder

(7,781 posts)
29. Once they ignored his 34 convictions with Republican witnesses+mugshot, I was done taking any of them seriously.
Mon Sep 8, 2025, 04:54 PM
Sep 2025

popsdenver

(1,370 posts)
30. The entire group has gotten to the point
Mon Sep 8, 2025, 05:34 PM
Sep 2025

where they all don't know......... HOW NOT TO LIE................

Hey Joe

(353 posts)
21. Bessent is another White House meat puppet
Mon Sep 8, 2025, 11:02 AM
Sep 2025

who brings to mind the phrase-
The banality of evil.
He could give a shit about average working people since he has never known work.
Hedge fund manager indeed.

agingdem

(8,738 posts)
5. Even Trump's voters aren't buying what Bessent is selling..
Mon Sep 8, 2025, 08:09 AM
Sep 2025

Trump's people, the assholes who refused to vote for a woman/a black woman, the same people who were gleefully anticipating Trump "owning the libs" are the same racist idiots feeling the pain of Trump's tariffs...generational farms going bust, homebuilders unable to sell their homes on the ground/new cars sitting unsold on the lot...Trump and his emissaries attempts to gaslight the "benefits" of tariffs don't work when his die-hard voters can't afford groceries/school supplies/clothing..

House of Roberts

(6,364 posts)
6. Why is the stock market so high?
Mon Sep 8, 2025, 08:16 AM
Sep 2025

When all the gains/wealth go to the top, the only place the money goes is into investment. That giant sucking sound Perot referenced was actually all the money being sucked up by the wealthiest from the rest of us.

BumRushDaShow

(164,777 posts)
8. "Why is the stock market so high?"
Mon Sep 8, 2025, 08:35 AM
Sep 2025

They have been putting almost all of their betting "chips" (literal and figurative) into the "AI" bubble, and on any industries that support that.

BumRushDaShow

(164,777 posts)
14. That too
Mon Sep 8, 2025, 09:26 AM
Sep 2025

not only as a fiat for exchange, but like AI, for the industries that create the facilities that "mine" it.

House of Roberts

(6,364 posts)
12. Whatever the 'hot' investment is at the time,
Mon Sep 8, 2025, 09:22 AM
Sep 2025

is always going to turn into a bubble. That's why they call it a boom, bubble, bust cycle every time the wealthy get too much.

BumRushDaShow

(164,777 posts)
15. This one seems worse than the "dotcom" bubble
Mon Sep 8, 2025, 09:28 AM
Sep 2025

because apparently some of the survivors of the dotcoms are going full on insane with this now and have managed to steal the money from the peons to be able to do it.

House of Roberts

(6,364 posts)
16. There will always be gullible 'economic cannon fodder' types.
Mon Sep 8, 2025, 09:35 AM
Sep 2025

Like any investment scam, it's knowing not to stay too long and be the one left holding the 'hot potato'. If you're not privy to when that is, you're better off not playing.

BumRushDaShow

(164,777 posts)
17. I noticed
Mon Sep 8, 2025, 09:52 AM
Sep 2025

that both Microsoft and Apple have been a bit tepid on it (and are getting pummeled by the "tech business" media).

Meta (Facebook, etc) and Alphabet (Google, etc) have gone all in.

FakeNoose

(39,875 posts)
22. Don't forget crypto - they think they're going to cash in on crypto
Mon Sep 8, 2025, 11:07 AM
Sep 2025

After they've crashed our economy to smithereens and shut down all of our banks, how much is their crypto going to actually be worth? If Ross Perot were still live today, he'd have his hands in it too. I'm sure of it. He just wouldn't tell anybody.

lark

(25,823 posts)
10. If they are repugs, they are lying fascist wannabes, every one of them.
Mon Sep 8, 2025, 08:57 AM
Sep 2025

Authortarian fluffers and truth deniners.

cstanleytech

(28,145 posts)
18. You can call it any other name you want but it's still a tax.
Mon Sep 8, 2025, 10:15 AM
Sep 2025

Of course if you redirect all of the money towards National Free Healthcare system I willing to reconsider it.

BaronChocula

(3,924 posts)
25. Eugene Robinson already got him to admit
Mon Sep 8, 2025, 01:48 PM
Sep 2025

That tariffs are paid by the importer and not by the exporter so...

Wiz Imp

(8,566 posts)
27. "There aren't companies coming out and saying, 'Oh, because of the tariffs, we're doing this.' "
Mon Sep 8, 2025, 03:40 PM
Sep 2025

Um, yes there are. Tons of them.


https://thehill.com/opinion/5294769-small-business-owners-fight-tariffs/
Tariffs will mean the end for my small business
https://www.cbsnews.com/texas/news/small-business-owner-worries-trumps-tariffs-may-force-her-store-to-close-its-doors/
Small business owner worries Trump's tariffs may force her store to close its doors
https://www.syracuse.com/business/2025/04/trump-tariffs-crippled-us-small-business-on-canada-border-its-now-closing.html
Trump tariffs ‘crippled’ US small business on Canada border: It’s now closing
https://www.facebook.com/fox12oregon/posts/a-local-business-says-they-will-be-forced-to-close-because-of-president-trumps-t/1090767576424488/
A local business says they will be forced to close because of President Trump’s tariffs on China.
https://www.cato.org/commentary/here-are-202-companies-hurt-trumps-tariffs
Here Are 202 Companies Hurt by Trump’s Tariffs
https://www.americanprogress.org/article/the-trump-administrations-trade-wars-are-crushing-u-s-small-businesses/
The Trump Administration’s Trade Wars Are Crushing U.S. Small Businesses

mdbl

(7,978 posts)
31. Lying, gaslighting & being a sycopant to Donald Dump are administration requirements
Tue Sep 9, 2025, 04:59 AM
Sep 2025

Bessent has it down. He has proven he has no ethics, scruples or morals. Perfect maga-man.

Latest Discussions»Latest Breaking News»US treasury secretary den...