pjmedia.com By Matt Margolis
Treasury Secretary Scott Bessent made it clear in an interview with CNN that the era of trade imbalances is over, and under President Trump, the U.S. will no longer tolerate unfair treatment.
During a discussion with CNN’s Kaitlan Collins, Bessent confidently explained the administration’s position on tariffs and trade policy, signaling that Trump’s economic strategy is deliberate and well thought out.
When pressed on how the administration’s policies could impact the auto industry, particularly regarding vehicles made with foreign parts, Bessent was blunt.
“If half the cars coming into the United States are foreign-made, that’s hard to turn around overnight, as you know,” Collins said. “So what would you say to people in the auto industry who are worried about that timeline and how quickly that could shift?”
“Buy American,” Bessent said bluntly. He also clarified that the United States-Mexico-Canada Agreement (USMCA) exempts certain vehicles and parts from the new tariffs.
Collins attempted to raise concerns from U.S. allies, questioning what the administration would say to countries like South Korea and Japan, which are now facing increased tariffs. Bessent’s response was direct: “Well, I would say they’ve been doing it to us for a long time. And, if they don’t like tariffs, then why do they have them?” His answer underscored the administration’s stance that America has been on the losing end of trade deals for too long…
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