During a tense House Financial Services Committee hearing, Rep. Nydia Velazquez confronted Treasury Secretary Scott Bessent regarding his statements about imminent tariff negotiations. Velazquez insisted on clarity about which countries were close to reaching agreements, indicating that uncertainty adversely affects American consumers and small businesses. Bessent declined to provide specifics, stating that disclosure could jeopardize ongoing negotiations. The exchange highlighted concerns about the transparency of the administration's trade policies and the implications for the U.S. economy amid claims of ongoing negotiations from both the president and officials.
I'm sorry, Congresswoman, but that would not benefit the United States.
Velazquez demanded to know why revealing details would be detrimental, arguing it affects the American economy.
I do not understand, Velazquez added. I'm happy to say there are negotiations going on.
There are numerous countries, as I have said, if you saw my CNBC interview.
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