Why did Treasury Secretary Scott Bessent call tariffs "the dog that didn't bark"?
Explanation
On July 3, 2025, during an interview on CNBC’s “Money Movers,” Treasury Secretary Scott Bessent remarked, “What we’ve seen so far is that tariffs haven’t hurt. The dog that didn’t bark was that tariff...
Sources
- CNBC Excerpts: U.S. Treasury Secretary Scott Bessent Speaks with CNBC’s “Money Movers” Today - CNBC
- Scott Bessent Once Called Tariffs As 'Dog That Didn't Bark,' Now Wall Street Analysts Predict A Less Dramatic 'One-Time' Inflation Hike As August 1 Deadline Nears - Benzinga
- Treasury Secretary Bessent on Tariffs, Deficits, Trumps Economic Plan - Bloomberg
- Scott Bessent, Trumps Treasury Secretary pick, grilled on tax cuts, tariffs - NPR
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