📌Treasury Sec Scott Bessent produces statistics on impact of tariffs

SEC. BESSENT: TRUMP’S 20% CHINA TARIFFS ONLY RAISED PRICES 0.7%—THAT’S A WIN
"If we look at data from Trump's first term, a study showed a 20% tariff on China led to a 0.7% price level increase over four years.
Oil prices went down almost 15% in two days, impacting working Americans much more than the stock market."
Sec Scott Bessent brings the facts on tariffs during President Trump's first term:
Households saw real net wages go up, while prices increased just 0.7% and the country took in tens of billions of dollars in new revenue.

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https://x.com/RapidResponse47/status/1908880979780862016