Treasury Secretary Scott Bessent on Thursday offered a full-throated defense of the White House's position on tariffs, insisting that, "Access to cheap goods is not the essence of the American dream." In a speech delivered to a crowd of leading economists,

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

“Access to cheap goods is not the essence of the American dream,” Bessent told the Economic Club of New York. “The American Dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security. For too long, the designers of multilateral trade deals have lost sight of this.”