Sen. John Kennedy Goes After Treasury Scott Bessent on Canada Tariffs at Senate Hearing | N18G

Описание: USA LIVE: Scott Bessent Appears Before The Senate Committee on Financial Services | Trump Admin | CNBC TV18
KENNEDY: If Canada came to the US and said, 'We're going to 0 tariffs on the US, all of them are off,' would you and the president go to 0 tariffs and let Canadian companies and American companies compete on a level playing field?
BESSENT: Absolutely not
U.S. Treasury Secretary Scott Bessent appears before the U.S. Senate Banking Committee on Financial Services, which is holding a hearing on the annual report of the Financial Stability Oversight Council.
Treasury Secretary Scott Bessent sparred with Democratic members of the House Financial Services Committee on Wednesday, with one calling him a “flunky” for failing to criticize investment from United Arab Emirates officials in the Trump family’s cryptocurrency venture.
Rep. Gregory Meeks, D-N.Y., probed Bessent on alleged conflicts of interest and lack of transparency related to World Liberty Financial, which was co-founded by Trump’s family members.
The Wall Street Journal reported Saturday that a royal and top government official from the UAE last year bought a $500 million stake in World Liberty Financial. President Donald Trump and his special envoy, Steve Witkoff, are co-founders emeritus of the company, which is run by members of the Trump and Witkoff families.
During his testimony, Bessent warned against overregulation, characterizing the Biden-era approach as “regulation by reflex” that stymied financial institutions.
Democrats also pressed the secretary on inflation, housing affordability and regulation of cryptocurrencies, while Bessent took a combative stance.
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