Becent denies Trump's tariffs are taxing Americans

Huobi HTX reported that US Treasury Secretary Becent denied Trump's full trade tariffs in an interview with NBC News, refuting concerns from major U.S. companies such as John Deere, Nike and Baid, which all said Trump's tariff policies would cost them billions of dollars a year. "People draw these conclusions from earnings call, where businesses have to give harsh scenarios. But no companies come forward and say, 'Oh, because of tariffs, we did that.'" He continued, adding, "If the situation is so bad, why is GDP 3.3%? Why is the stock market reaching a new high? Because President Trump cares about both big companies and small companies." (Jin Shi)