In a recent discussion with Fox News, Scott Bessent, former Treasury Secretary under Trump, addressed the contentious issue of tariffs and their effects on consumers, particularly in the toy industry. Trumpâs controversial remarks about children having fewer dolls due to tariffs drew criticism and skepticism. Bessent highlighted that many toys, including Barbie, are manufactured in countries like Indonesia, which benefits from favorable trade conditions. He also remarked on the criticisms aimed at Trump's comments, aiming to add context to the ongoing debate about manufacturing in the U.S. versus overseas production.
One of the most viral moments to come out of Trump's lengthy cabinet meeting was a sound bite in which he waved away the effects of tariffs on consumers.
Bessent was a guest on Tuesday night's edition of Fox News Channel's The Ingraham Angle, discussing the impact of tariffs and trade on the toy industry.
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