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The Trump administration is faced with the possibility that the president’s pricing regime is deemed illegal, but when he was asked to meet the press which would then happen, Bessent said: “I am convinced that we will win at the Supreme Court, but there are many other lawyers that we can take.
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Kristen Welker asked, “Could you offer discounts?” Are you ready to offer discounts? ”
Bessent said: “We had to reimburse about half. The prices that would be terrible for the treasure. ”
Welker followed, “And are you ready to give these reimbursements?”
Bessent replied:
There is no preparation. If the court said it, we had to do it.
But let’s look back. When I was here in April, the sky fell with the prices that everyone left the United States. Since then, the US bond market has been the most efficient bond market in the developed world. And from Barclays Bank to Goldman Sachs to others, say that it is the tariff income and the budgetary improvement we see, and that’s what President Trump speaks.
On the face of CBS The Nation, the director of the National Economic Council Kevin Hassett gave the game when he said that the administration could use “other legal authorities” to implement the prices.
In other words, the higher prices that the American people pay due to the prices will not be correct if the prices are deemed illegal.
The Trump administration seems to play a Shell game with prices. They will keep the money while inventing different legal authorities to justify their actions.
The American people are not going to get their money because Trump will continue to increase prices.
Trump has increased taxes on the American people, and it seems that he will not offer any relief.
What do you think of Bessent’s response to pricing discounts? Share your reflections in the comments below.