News

Jinse Finance reported that U.S. Treasury Secretary Bensent denied in an interview with NBC News the claim that Trump's comprehensive trade tariffs are a tax on Americans. He dismissed concerns from major American companies such as John Deere, Nike, and Black & Decker, all of which stated that Trump's tariff policies would cost them billions of dollars each year. Bensent said: "People draw these conclusions from earnings calls, where companies have to present harsh scenarios. But no company has come forward to say, 'Oh, we did this because of tariffs.'" He went on to add: "If things are so bad, why is GDP at 3.3%? Why is the stock market hitting new highs? Because President Trump cares about both big companies and small businesses." (Golden Ten Data)

Jinse Finance reported that U.S. Treasury Secretary Bensent, in an interview with NBC News, was asked by a reporter: During former President Biden's term, the U.S. economy did indeed add nearly 500,000 manufacturing jobs. However, starting from April, manufacturing jobs have begun to decline again. Will this pose a problem for your policies? Bensent responded that this week they will receive the revised report for last year (from April last year to the end of March this year). It is possible that up to 800,000 jobs will be revised downward. This will be the second downward revision. So, he is not sure if the people collecting the data did a good job. Secondly, what they are seeing is that the jobs being created are either going to native-born American citizens or to legal American citizens, while most of the jobs created by the Biden administration have gone to illegal immigrants. (Golden Ten Data)