On Wednesday’s broadcast of the Fox News Channel’s “Special Report,” Treasury Secretary Scott Bessent responded to a question on why Australia and Israel are included in the tariff list even though Israel eliminated tariffs on the U.S. and the U.S. has a trade surplus with Australia by stating that “non-tariff barriers, in many ways, can be worse than the actual tariffs themselves.”
Host Bret Baier asked, [relevant exchange begins around 4:25] “[D]o you think it is also a negotiating tool, a weapon that some of these countries will come back? … I looked at the list, I saw Israel. They knocked everything down to zero in Israel. But, yet, they’re still on the list…Australia, there’s a trade surplus. The U.S. has a trade surplus with Australia.
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