Treasury Secretary Scott Bessent says “tariff derangement syndrome” has infected the discussion of President Trump’s trade plan while insisting that the tariffs will not lead to inflation.
The temporary pause on Mr. Trump’s tariff plan is set to expire on Wednesday, and he has said that 12 of the nation’s top trading partners will receive letters on Monday outlining the tariff rate the U.S. will impose on their imports.
Mr. Bessent stated that a significant amount of “misinformation” is circulating regarding Mr. Trump’s plan and its potential impact on the economy, workers, and consumers.
“I think TDS — Trump derangement syndrome — has turned into tariff derangement syndrome,” Mr. Bessent said on “Fox News Sunday.” “As soon as you call them Trump tariffs, 90% of Democrats hate them.”
A recent Fox News poll found that 57% of registered voters said the Trump tariffs would “hurt” the U.S. economy, 28% said