Treasury Secretary Scott Bessent defended Donald Trump’s tariffs, arguing that access to cheap goods are not the “essence of the American Dream.”

Treasury Secretary Scott Bessent on Thursday offered a full-throated defense of the White House's position on tariffs, insisting that, "Access to cheap goods is not the essence of the American dream." In a speech delivered to a crowd of leading economists,

Several major retail companies have cautioned that tariffs will swiftly lead to higher prices for U.S. consumers.