Treasury Secretary Scott Besent told NBC’s “Meat the Press” that President Donald Trump’s economic agenda needs longer and reiterated that broad global tariffs would bring back domestic manufacturing jobs.
Treasury Secretary Scott Besant On Sunday, it was claimed that tariffs were damaging American businesses and consumers, arguing that any short -term costs were carried beyond the long -term advantage for American competition.
Bessent argued that President Donald Trump’s The economic agenda has been effective only for “a few months” and tariff policies require more time to play.
He said that comprehensive measures would strengthen domestic manufacturing and create new construction and factory jobs.
Trump says that we will be ‘destroyed’ without tariff revenue
US Treasury Secretary Scott Besant signs executive orders at the Oval Office of the White House on April 09, 2025 as US President Donald Trump. (Anna Moneymaker / Getty Image / Getty Images)
“We can’t snatch our fingers and manufacture factories,” Besant told NBC’s Christon Velkar on “meet the press”, “saying that the Trump administration is hoping to see” adequate acceleration “in the fourth quarter.
Trump said ‘so beautiful to see the tariff windfall’, ‘as cash sail’
America collected more than $ 31 billion Tariff revenue In August, already the highest monthly total for 2025.
According to the latest “customs duty and some excise duty taxes” issued by the Treasury Department, the total tariff revenue for 2025 has exceeded $ 183 billion.
Bessent has previously stated that tariff revenue can be used to help in paying the loan of the nation, which stands $ 37.4 trillion As sept 5.
A container ship exits the port on August 7, 2025 in Kingdaao in the East Shandong province of China. (STR/AFP/Getty Images/Getty Images)
Bessent’s comments come when the Trump administration works to keep global tariff rates.
On August 29, an appeal court said that the power to establish such tariffs remains with the Congress or within the existing trade policy structure. The ruling does not affect the tariffs imposed by other legal authorities, such as Trump’s levy on steel and aluminum imports.
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Mentorist Palm Bondi It was announced that the Department of Justice would appeal to the Supreme Court for a decision. Meanwhile, the appeal court allowed Tariff to stay in place through 14 October.
“President Trump was elected to change and we are going to push with economic policies that are going to set the economy correctly,” Besent said.
