(Breitbart)—On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Treasury Secretary Scott Bessent said that “the tariffs could bring in a substantial amount of revenue for the government” but they’re also used for other things like making trade fairer and negotiating on things like fentanyl and he believes that “very little” of the cost of tariffs will be passed on to consumers.
Host Bret Baier asked, [relevant exchange begins around 7:05] “Do you plan to pay for things with tariffs coming in? And how does that factor into tariffs possibly being passed on to consumers?”
Bessent answered, “President Trump uses tariffs unlike any president in modern times. And, we think about it three ways: One can be revenues for the government. Two can be to make trade fair. Because a lot of our trading partners do not treat us fairly. And three, President Trump uses them for negotiating, as he did with Colombia, as you’re seeing with Mexico, with Canada with the fentanyl crisis that we’re having. So, there is a chance that the tariffs could bring in a substantial amount of revenue for the government. So, for instance, a 10% global tariff would bring in 2.5 trillion over 10 years.”
Baier then asked, “But what would that mean for the consumer if you’re fighting inflation at the same time?”
Bessent responded, “I think one of the — in what we’re hearing and seeing, I think that very little of that would be passed on to the consumer. I think the currency adjusts, I think that, especially China, that the companies on the other side, the exporters are going to eat a lot of the cost, and then, three, I think, for overall inflation, when we get energy prices down, when we deregulate, that, as we saw in President Trump’s first term, inflation’s going to be under control, at the Fed’s target of 2%, probably less.”
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
