

April 6 — Treasury Sec. Scott Bessent, Sen. James Lankford and Sen. Adam Schiff
12 snips Apr 6, 2025
Treasury Secretary Scott Bessent, who served under Trump, dives into the aftermath of recent tariffs, discussing their immediate impact on markets and global trade. Senator James Lankford shares insights on how Congress might respond, highlighting the tension within Republican ranks. Meanwhile, Senator Adam Schiff outlines the Democratic strategy to challenge these economic policies. The conversation navigates the complex financial landscape and the ripple effects on American families, sparking a crucial dialogue on the intersection of tariffs and national interests.
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Tariff Turbulence
- Global fallout intensifies after President Trump's highest tariff levels in a century.
- Economists warn of recession, while Trump promises a golden age.
Market Reactions
- Markets are unpredictable, but Mnuchin believes they consistently underestimate Trump.
- The market crashed after Trump's 2016 win but saw high returns during his term.
Retirement Savings
- Bessent argues that retirees with long-term savings shouldn't focus on daily market fluctuations.
- He points out that most retirement accounts are diversified, mitigating losses.