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Tariff hikes have already helped the U.S., Bessent says
Posted
July 8, 2025
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July 8, 2025
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5:11Now PlayingTreasury Secretary Scott Bessent said in a Cabinet meeting that tariff hikes have already helped the U.S. "We will have taken in about $100 billion in tariff income thus far this year," Bessent said. The comment comes as the White House increases pressure on certain trade partners to make deals with the U.S. CBS News MoneyWatch correspondent Kelly O'Grady has the latest updates on how markets are responding.
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