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CBS: The US Treasury Secretary and Trump have had a heated dispute over tariff policy

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2025-04-16 12:37:01
CBS quoted multiple sources familiar with the matter as saying that while the White House has been trying to claim that Trump administration officials are united on the US tariff policy, internal differences over the policy have emerged as early as a few weeks before Trump signed the so-called "reciprocal tariff" executive order on April 2: Senior Trump advisers have warned in private conversations that some tariff packages could have a devastating impact on global financial marekts and send the US economy into a downward spiral.
According to CBS, Treasury Secretary Scott Bessant and Peter Navarro, Trump's senior adviser on trade and manufacturing, had an argument in the office of White House chief of staff Susan Wiles in late March. According to multiple people familiar with the matter, Navarro advocated a flat across-the-board 25 percent tariff on $3 trillion of imports; while Bessant, a former Wall Street investor, warned that the move would cause market turmoil and outlined a variety of risk scenarios. The report said that the heated rhetoric continued to emerge.
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