Scott Bessent Admits Americans Pay for Trump's Tariffs

August 7, 2025

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1 min read

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Rolling Stone

Treasury Secretary Scott Bessent acknowledged that U.S. importers, or American consumers, pay for Donald Trump's tariffs.

On Thursday at midnight, steep retaliatory tariffs Donald Trump slapped on dozens of countries went into effect. “IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!” the president wrote on Truth Social ... [3672 chars]

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Source: Rolling Stone

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