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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTreasury secretary refuses to answer easy question: Who pays tariffs?
Democratic Rep. Mark Pocan of Wisconsin delivered some thunder to a House Oversight Committee hearing Tuesday, pressing Treasury Secretary Scott Bessent over the true impact of President Donald Trumps ill-conceived tariff policies.
Who pays tariffs? Pocan, a small business owner and union member, repeatedly asked Bessent as the secretary stammered.
Eventually, Pocan laid things out as plainly as possible: People pay tariffs!
He went on to describe the rising costs his own business is facing, not just from added costs on imports but also from companies exploiting the economic uncertainties Trump has created in the market.
https://www.dailykos.com/stories/2025/5/6/2320842/-Watch-treasury-secretary-s-pathetic-attempt-to-explain-Trump-s-tariffs
Does Bessent drink his lunch?
surfered
(13,803 posts)NoMoreRepugs
(12,161 posts)maxsolomon
(38,919 posts)They'll never be pinned down. Bad faith 100% of the time.
Timeflyer
(3,773 posts)The Story Behind the Crazy Ivan, I think.
First heard in the movie, "Hunt for Red October," the phrase Crazy Ivan refers to the practice of Russian submarine commanders to regularly make sudden turnseither to the right or to the left. Submarines appear to have a blind spot, so they dont know if another submarine is following them closely or not. A strategic unexpected turn. It's dangerous, may result in a collision. So, let's screw around with the US economy, because tRump's likes saying the word "tariffs."