#treasury-secretary

#treasury-secretary

Bessent temporarily punted to address another question from Stephanopoulos about whether Trump undermined his administration's own legal argument in favor of the tariffs that their primary purpose is not to generate revenue by focusing on the money they're purportedly bringing in. It's not about taking in the revenue, it's about re-balancing, Bessent said. And the revenue occurs early on. And then as we rebalance and the jobs come home, then it becomes domestic tax revenue.