‘Sit Back, Take It’: Trump Treasury Secretary Warns Tariffed Countries Not to Retaliate

BAIER We showed the ░░░░░░░░ before But if you ░░░░░░░░ the post market reaction ░░░░░░░░ was kind of down ░░░░░░░░ the board You know ░░░░░░░░ are looking at their ░░░░░░░░ k s and they ░░░░░░░░ about it What do ░░░░░░░░ say to them tonight ░░░░░░░░ Bret I say that ░░░░░░░░ we are doing is ░░░░░░░░ are setting the stage ░░░░░░░░ long term economic growth ░░░░░░░░ we were on our ░░░░░░░░ to a financial crisis ░░░░░░░░ know I used to ░░░░░░░░ a history of financial ░░░░░░░░ and with gigantic government ░░░░░░░░ it was unsustainable You ░░░░░░░░ back in 1998 you ░░░░░░░░ back in 07 right ░░░░░░░░ it looked great Everything ░░░░░░░░ So I mean it ░░░░░░░░ great right before everything ░░░░░░░░ So we have taken ░░░░░░░░ off that trajectory and ░░░░░░░░ are putting ourselves back ░░░░░░░░ to a sound trajectory ░░░░░░░░ You said 10 over ░░░░░░░░ years would be 2 ░░░░░░░░ trillion coming in You ░░░░░░░░ you look at this ░░░░░░░░ of all these countries ░░░░░░░░ there is some policy ░░░░░░░░ here China is at ░░░░░░░░ Added to the 20 ░░░░░░░░ that s 54 on ░░░░░░░░ goods Are they going ░░░░░░░░ come back with something ░░░░░░░░ BESSENT Well we will ░░░░░░░░ what they do My ░░░░░░░░ to every country right ░░░░░░░░ is do not retaliate ░░░░░░░░ back take it in ░░░░░░░░ s see how it ░░░░░░░░ Because if you retaliate ░░░░░░░░ will be escalation If ░░░░░░░░ don t retaliate this ░░░░░░░░ the high watermark.”