Scott Bessent

As President Trump said yesterday, best way to get around the tariffs, build your factory here. And what can we do here at Treasury to help that? We're pushing to get the tax bill done so we can guarantee the tax. low taxes, full depreciation within the first year. We're working with Secretaries Burgum and Wright on energy security, and we're working on getting the regulations down.

As President Trump said yesterday, best way to get around the tariffs, build your factory here. And what can we do here at Treasury to help that? We're pushing to get the tax bill done so we can guarantee the tax. low taxes, full depreciation within the first year. We're working with Secretaries Burgum and Wright on energy security, and we're working on getting the regulations down.

The president, I don't know whether he talked about it yesterday or the day before, Taiwan's semiconductor manufacturer in the world, Lee Zeldin, the EPA commissioner, is working to push through all the permits that they need because we've just gone into this regulatory morass where it takes so long to get things done in this country.

The president, I don't know whether he talked about it yesterday or the day before, Taiwan's semiconductor manufacturer in the world, Lee Zeldin, the EPA commissioner, is working to push through all the permits that they need because we've just gone into this regulatory morass where it takes so long to get things done in this country.

The president, I don't know whether he talked about it yesterday or the day before, Taiwan's semiconductor manufacturer in the world, Lee Zeldin, the EPA commissioner, is working to push through all the permits that they need because we've just gone into this regulatory morass where it takes so long to get things done in this country.

So I think what will be more interesting are the individual company announcements more than the country announcements.

So I think what will be more interesting are the individual company announcements more than the country announcements.

So I think what will be more interesting are the individual company announcements more than the country announcements.

Or pay the tariff.

Or pay the tariff.

Or pay the tariff.

Well, I don't know if they can retaliate for a couple of reasons. If you look at the history, and I used to teach economic history, and when you look at the history, we are the debtor nation. Yes. We have...

Well, I don't know if they can retaliate for a couple of reasons. If you look at the history, and I used to teach economic history, and when you look at the history, we are the debtor nation. Yes. We have...

Well, I don't know if they can retaliate for a couple of reasons. If you look at the history, and I used to teach economic history, and when you look at the history, we are the debtor nation. Yes. We have...

the trade deficits, the surplus nation is in the weaker position because the Chinese business model and Tucker, by the way, the Chinese business model and the economy are the most unbalanced, imbalanced in the history of the modern world. We've never seen anything like this in terms of their export level relative to their GDP, relative to their population.

the trade deficits, the surplus nation is in the weaker position because the Chinese business model and Tucker, by the way, the Chinese business model and the economy are the most unbalanced, imbalanced in the history of the modern world. We've never seen anything like this in terms of their export level relative to their GDP, relative to their population.

the trade deficits, the surplus nation is in the weaker position because the Chinese business model and Tucker, by the way, the Chinese business model and the economy are the most unbalanced, imbalanced in the history of the modern world. We've never seen anything like this in terms of their export level relative to their GDP, relative to their population.

So I think it is going to be very difficult for them to try to change the model. They're in a deflationary recession slash depression right now. They're trying to export their way out of it, and we can't let them do that. But I think that when you think the Chinese manufacturing system is like that old Disney movie with the brooms carrying the buckets, there's nothing you can do.

So I think it is going to be very difficult for them to try to change the model. They're in a deflationary recession slash depression right now. They're trying to export their way out of it, and we can't let them do that. But I think that when you think the Chinese manufacturing system is like that old Disney movie with the brooms carrying the buckets, there's nothing you can do.

So I think it is going to be very difficult for them to try to change the model. They're in a deflationary recession slash depression right now. They're trying to export their way out of it, and we can't let them do that. But I think that when you think the Chinese manufacturing system is like that old Disney movie with the brooms carrying the buckets, there's nothing you can do.