US Treasury Secretary Scott Bessent said on Monday he was not concerned “at present” about American shops potentially running out of items due to US President Donald Trump’stariffs.
Trump has introduced a 10 per cent baseline tariff against most nations, and a far higher levy totalling 145 per cent on goods coming from China.
The White House also introduced several sector-specific tariffs of 25 per cent, and has threatened to reimpose higher measures on dozens of trading partners if they do not reach a deal to lower trade barriers with the United States.
Asked during an interview with Fox and Friends if he was concerned about reports of empty shelves due to the tariffs, Bessent replied: “Not at present.”
“We have some great retailers,” he said during the Fox News interview. “I assume they pre-ordered.”
“I think we’ll see some elasticities. I think we’ll see replacements, and then we will see how quickly the Chinese want to de-escalate.”
“We have some great retailers,” he said during the Fox News interview. “I assume they pre-ordered.”
Knowing nothing about him really, this singular line makes me think he’s as stupid as his boss
Just in Time supply chain says what
I remember touring a car manufacturing plant a long time ago, and learning about Just in Time supply. I remember trying to work it out in my head and assuming that there would have to be no roadblocks. Now I see that it has crashed, again.
Toyota actually has buffers in their supply chain that makes them resilient to shocks, but most companies copied the name of the plan literally and as a result have extremely fragile supply chains.
It’s all idiots from top to bottom
Sir, the people are hungry.
Let them pre-order cake.
“We have some great retailers,” he said during the Fox News interview. “I assume they pre-ordered.”
GameStop-ass country
Wasn’t one of the biggest Americanist complaints about the USSR that you had to pre order things like cars?
“I assume they pre-ordered.”
Source: “I made it up.”
and then we will see how quickly the Chinese want to de-escalate.”
Love how the presumtion is that its up to China to be the adult in the room. God I hope China calls their bluff and just stops servicing the amerikan market.
I remember when I was in high school and my teachers constantly told us that, although China owns a lot of our debt, they’d never call it because they benefit from having a stable US for exports.
Joke’s on them since it turns out, the US is so stupid, it’s trying to make China call our debt by shitting all over itself and drinking its own pee while strutting around as though this is a valid economic policy.
China is literally just
L-Mao
I used to laugh at people saying all these ghouls were lizards people, but I firmly believe that this guy sheds his skin and sleeps under a heat lamp
US Treasury Secretary Scott Bessent said on Monday he was not concerned “at present” about American shops potentially running out of items
He should be lmao
Those are poor people problems.
I do near more clothes/gear for work. Probably should act on that sooner than later, I suppose.
It will need pointing out to some thicko that they are worried about shops running out of stuff.
But they aren’t worried… at present.
