Treasury Secretary Scott Bessent defended Donald Trump’s tariffs, arguing that access to cheap goods are not the “essence of the American Dream.”

Treasury Secretary Scott Bessent said the U.S. economy may be “starting to roll a bit,” as data suggests last year’s red-hot economy may be slowing. Bessent said the Trump administration’s moves to transition the economy to one which emphasizes private spending over public spending may require a “detox” period.