The Trump administration is downplaying predictions of tariff-induced supply chain problems. Some business CEOs and economists are warning that Donald Trump’s trade policy will result in shortages of consumer goods. But Treasury Secretary Bessent claims retailers are ready for the tariffs. And he doesn’t expect any empty shelves. In the meantime, large cargo shipments from China […]
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Treasury Secretary downplays predicted supply chain problems
The Trump administration is downplaying predictions of tariff-induced supply chain problems. Some business CEOs and economists are warning that Donald Trump’s trade policy will result in shortages of consumer goods. But Treasury Secretary Bessent claims retailers are ready for the tariffs. And he doesn’t expect any empty shelves. In the meantime, large cargo shipments from China have already dropped.