Treasury Secretary Scott Bessent defended the impact of President Trump's tariffs on U.S. manufacturing jobs, as leaders in the industry call for an end to the tariffs, arguing it's "been a couple of months."
Since April, manufacturing jobs have fallen by 12,000 and are now down by 42,000. Businesses have complained for months since Trump announced sweeping tariffs that they are slowing the economy. However, during an appearance on NBC's "Meet the Press," Bessent argued that not enough time has passed for the U.S. to see the benefits of tariffs on manufacturing jobs.
"It's been a couple of months. And with the manufacturing sector...we can't snap our fingers and have factories built," he said.
He added that the U.S. is seeing a "record amount of investment intentions."
"The 'One Big Be