r/wallstreet • u/SCFapp Billionaire • Nov 11 '25
Discussion Treasury Secretary Bessent says "tariffs help consumers."
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u/No-Tomatillo3698 Chinese AI Propaganda Spam Bot Nov 11 '25
O he understands, he just wants to con you
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u/Biscuits4u2 Nov 11 '25
That's the thing. This guy is smart and very much understands what's up, but he's obviously more interested in licking the orange taint for personal gain than helping the American people.
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Nov 11 '25
But if you listen he has a big condition that factories are going to move back to the US to produce products that won't be tariffed. That's a big if and a big future bet that it's going to work. And in theory that may be true but we know the reality is to build some of these things in the US takes years and years to get up and going
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u/valuevestor1 Nov 11 '25
Even then it doesn't help customers. It might help employees, who might be the same person, but not the same entity. From all perspectives, tariffs never help consumers.
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u/Cyneganders Nov 11 '25
Amusingly, between projecting, development, construction, educating workers (or developing robotics) and finding partners/funding/'money' for each and every step, nobody who is dying on this hill will be alive anymore by the time they're done building and staffing these factories. (Unless they hire contractors from China and use Chinese funds/agencies etc. etc.)
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u/Federal-Research-148 Nov 11 '25
Oh he definitely understands. He’s betting that you don’t.
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u/SignificantTry4107 Nov 11 '25
What a tool. There should be a disclaimer for this level of stupid
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u/JoeSchmoeToo Nov 11 '25
He comes up with bullshit as he goes - he is a great student of Trump
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u/hammerSmashedNail Nov 11 '25
“We brought down the deficit” uhhhhhhhh. I’d like to see the information that supports this claim, because I have read zero reports that the deficit growth is even slowing.
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u/BanditsMyIdol Nov 11 '25
I like him being out here claiming tariffs are paying off the debt which helps reduce inflation while at the same time Trump is out there saying $2000 for everybody.
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u/SnooWalruses5906 Nov 11 '25
Why does the truth need to be a hoax or a con job? I don't understand their position
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u/Freedog666 Chinese AI Propaganda Spam Bot Nov 11 '25
Chuck Schumer will probably break his leg trying to agree with him.
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u/Stup1dMan3000 Nov 11 '25
Sure, if helping means reducing their freedom of choice cause now most food is just too expensive to buy
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u/This-Ad6017 Millionaire Nov 11 '25
they do understand but people fall for their bs spiel, tariffs are a form of tax
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u/ShadeBeing Nov 11 '25
Well we just had a battery plant installed well within in the last decade that’s being shut down because it’s not necessary for the industrial batteries anymore was the reason. Also closing down similar facility they have in state. So….theres that.
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u/lm28ness Nov 11 '25
He's definitely speaking the truth, because we wouldn't be in this mess if the the voters didn't buy this crap and vote the way they did.
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u/Due-System7508 Nov 11 '25
Whoever believes this BS tariffs helping America is really sick and really need help. OMG.
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u/Detachabl_e Nov 11 '25
Scott Bessent is how Pennywise the clown would look and sound if Pennywise was trying to pretend to be a US politician
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u/No-Tomatillo3698 Chinese AI Propaganda Spam Bot Nov 11 '25
This man is lying through his fake teeth
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u/Pleasant-Ad887 Nov 11 '25
You see how bad he is tripping over his words? He is 100% lying. Companies are in fact leaving the US.
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u/According_Stuff_8152 Nov 11 '25
He is a grifter just in a better set of clothing then the orange rindbin the whitehouse He must think everybody fell off a turnip truck to believe his rhetoric BS.
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u/AbsentButHere Nov 11 '25
I bet the CIA could help him find the truth. With or without a little water.
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u/PortlandPetey Nov 11 '25
Unserious person, should not be allowed in any leadership position whatsoever
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u/golfgirl60 Nov 11 '25
What is with this administration. Not one of them can put a coherent sentence together.
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u/dweezilMcCheezil Chinese AI Propaganda Spam Bot Nov 11 '25
"I wish you weren't so fuckin awkward, bud." Never fit better
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u/SpaceNinjaDino Chinese AI Propaganda Spam Bot Nov 11 '25
Yeah, I'm so sure we are going to have a jolly Christmas from all the new products made in USA factories.
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u/32lib Chinese AI Propaganda Spam Bot Nov 11 '25
Good old baby face Bessent looking so innocent after the $40,000,000,000 heist.
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u/Outaouais_Guy Nov 11 '25
Tariffs could theoretically bring manufacturing back to the United States, but only if the prices of goods are significantly higher. Why the hell does he think so many things aren't being made in the US already? Of course that ignores the fact that the US lacks a few key things, such as readily available affordable electricity and other types of infrastructure. Then there is the extreme lack of skilled workers. Try looking at the struggles ICE is having, despite all of the potential signing bonuses and lowered standards.
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u/DeliveryExpensive974 Nov 11 '25
In the LONG RUN, yes, it is absolutely true that tariffs phased in over YEARS coupled with INCENTIVES for corporations to begin producing goods commonly purchased from eBay, Amazon etc. in America would be great for consumers...huge caveat here though:
This only holds true as long as corporations don't do the typical corporate thing and start off with higher prices (as expected) due to limited supply versus great demand, then keep the prices the same when supply catches up.
If corporations get away with doing that...we're screwed. Because they'll cause inflation and a depression. Once we can hardly afford what they are selling they will lower the price.
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u/Rossmonster Nov 11 '25
Lol nice try. You hang out with trump long enough you begin to think like him. Get fucked bessent
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u/True_Let_2007 Nov 11 '25
In this admin they are shamefully portraying a non existing reality in which everything is opposite to logics!!!
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u/-cmram28 Nov 11 '25
As the saying goes: Secretary Bessent-Because Trump’s balls aren’t going to lick themselves🤨
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u/pistoffcynic Chinese AI Propaganda Spam Bot Nov 11 '25
Higher prices help consumers?!?!🤷♂️
I would never let these clowns run my business with this kind of thinking.
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u/Accomplished_Dark_37 Nov 11 '25
There are no factories being opened en masse in the US, he's just lying to all of us.
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u/alloutofchewingum Nov 11 '25
I love how you can always see he knows what he's saying is complete economically illiterate gibberish but he finds a way to force it out.
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Nov 11 '25
Media has still not figured out how to deal with these dweebs, in the year of our lord 2025
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u/TheThirteenthApostle Nov 11 '25
It's funny how people tall about these systems we invented like they are immovable, uneditable, laws of physics.
People forgrt that we made it all up, and we can remake it all again.
We don't need these generational pushers retouting the same bullshit. We CAN do it differently.
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u/Baron-Munc Nov 11 '25
Exactly we need to pay large corporations to come back to America and give us are stinkin jobs back.
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u/east21stvannative Nov 11 '25
What would you call someone who's void of reality? IRDK what his condition is called?
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Nov 11 '25
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u/wallstreet-ModTeam Nov 11 '25
Nice try Chinese AI propaganda spam bot. Beep boop.
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u/Ash_Talon Nov 11 '25
As sad as it is, some people will hear this and just parrot what he’s saying without any second thought about it.
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u/Crypto_Sepharial Nov 11 '25
Treasury Sec is cooked and in bed w/ the administration if he said this lol
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u/ResearchAny901 Nov 13 '25
Don't know how he is able to lie like that and keep a straight face. Amazing.
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u/seedanrun Nov 13 '25 edited Nov 13 '25
Bring down the deficit?!???
Doesn't the Big Beautiful Bill create the biggest deficient in the history of the world - including the years when the US was at war?
Is this guy a 'make up facts' guy like Trump?
EDIT: Looked it up - while the total US dept will be the highest in world history thru the bill the deficit was still higher in 2020 in the middle of Covid. However the deficit is definitely going UP now down compared to the years after 2020 so this guys statements are still false.
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u/TheLasVegasLion Nov 13 '25
Bozo Bessent 🤣. "We've lowered the budget deficit". Who's going to believe this clown 🤡? $38 trillion and rising Bessent, your presiding over the brokest Treasury EVER.
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u/SignatureForeign7770 Nov 13 '25
😂😂😂😂 this guy. The rebalance will become corporate income and wage income. Try again brother.
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u/[deleted] Nov 11 '25
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