Treasury Secretary Scott Bessent appeared on NBC News' "Meet the Press" with Kristen Welker on Sunday, discussing President Donald Trump's tariffs and the recent stock market downturn. Bessent dismissed concerns about a recession and mentioned that over 50 countries were engaging in negotiations about tariffs. He highlighted that these talks would take time and stressed the importance of focusing on long-term economic prosperity. Bessent also addressed concerns about the potential impact on retirement plans, emphasizing that the stock market should be viewed as a long-term investment rather than being influenced by day-to-day fluctuations. Trump's announcement of new import tariffs, termed "Liberation Day" tariffs, was also discussed, with various nations facing differing rates and negotiations in progress to address tariff issues.
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