Trump official slips up and admits tariffs are 'price increases'

Treasury Secretary Scott Bessent acknowledged that President Donald Trump's tariffs resulted in "price increases."

During a Sunday interview on Fox News, host Shannon Bream told the Trump official that "a JPMorgan Chase Institute analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump's current tariff plans."

"Our most recent poll shows that 57% of Americans do think the tariffs are gonna hurt the U.S. economy," she noted.