Sec. Bessent: The Ultimate Goal Is to Bring Jobs Back to the U.S. While Collecting Substantial Tariffs in the Meantime

EXCERPT:

BESSENT: "Well, Andrew, you know, a lot to unpack there. And, you know, let’s just go through it piece by piece, that when you — if we put up a tariff wall, the ultimate goal would be to bring jobs back to the U.S., but in the meantime, we will be collecting substantial tariffs. As I’ve said, I believe on this show, that if we’re successful, tariffs would be a melting ice cube in a way, because you’re taking in the revenues as the manufacturing facilities are built in the U.S., and there should be some level of symmetry between the taxes we begin taking in with the new industry from the payroll taxes as the tariffs decline."