Scott Bessent: “It is clear that there will be revenue impacts”

The world has been coming to the U.S., and China has been the missing piece.

Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department.

I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do.

Another day, another Econ 101 lesson for Professor Warren.