WASHINGTON (Reuters) – U.S. President Donald Trump’s tariff plans are largely aimed at bringing manufacturing back to the United States, Treasury Secretary Scott Bessent told Fox Business on Wednesday, singling out medical supplies and shipbuilding as targeted sectors.
Bessent said Trump was pursuing different strategies with different tariffs, noting recent tariff threats against Colombia, Mexico and Canada were aimed at ensuring action by those governments on issues such as immigration.
Overall, however, he said tariffs were focused on helping reestablish manufacturing in the United States in key sectors, which should boost corporate revenues and ultimately result in declining income from the tariffs themselves.
(Reporting by Andrea Shalal; Editing by Chris Reese)
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