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Treasury secretary defends tariff strategy as members warn of harm to small businesses
Summary
Treasury Secretary Scott Bissett told the House Appropriations subcommittee that tariffs are a central part of the administration—s trade agenda, drawing pushback from members who said the measures are harming small businesses and causing market disruption.
Treasury Secretary Scott Bissett told a House Appropriations subcommittee that tariffs, tax cuts and deregulation form the core of the administration's trade strategy, and that the administration expects to complete negotiations with several trading partners before year-end.
The plan is intended, Bissett said, to spur U.S. job creation and ‘‘reshape incentives for reshoring manufacturing,’’ though members pressed him on who ultimately bears the cost of tariffs and the short‑term harm to small businesses.
Members raised several concerns about the effect of shifting tariff policy on Main…
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