The Trump administration is confronted with the possibility that the rate regime of the President will be considered illegal, but when he is asked on the press of the press what would happen next, Bessent said: “I am convinced that we will win at the Supreme Court, but there are many other ways that we can be about the dollars.
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Kristen Welker asked: “Would you offer discounts? Are you willing to offer discounts?”
Bessent said: “We should give a refund at about half. The rates that would be terrible for the treasury.”
Welker followed: “And you are willing to give those refunds?”
Bessert replied:
There is no preparation. If the court says so, we should do it.
But let’s look back again. When I was here in April, the air fell with the rates that everyone left the US. Since then, the American bond market has been the best performing bond market in the developed world. And from Barclays Bank to Goldman Sachs to others say that it is the tariff income and the tax improvement we see, and that is what President Trump is talking about.
On the face of CBS De Natie, the national economic council director Kevin Hassett gave the game away when he said that the administration could use “other legal authorities” to implement the rates.
In other words, the higher prices that the American people pay as a result of the rates will not be made if the rates are ruled as illegal.
The Trump administration seems to play a Shell game with the rates. They will retain the money and find different legal authorities to justify their actions.
The American people will not get their money because Trump will continue to rise prices.
Trump raised taxes on the American people and it seems that he will offer zero lighting.
What do you think of the answer from Bessent to rate discounts? Share your thoughts in the comments below.
