Rand Paul on Trumpβs tariffs: When McKinley put tariffs on in 1890, they lost 50% of their seatsβ¦ When Smoot-Hawley put their tariffs In the early 1930s, we lost the House and Senate for 60 years. So not only bad economically, they are bad politically.
Scott Bessent before the Election:
βIn the next few years, we are going to have some kind of grand economic reordering. Something equivalent to a new Bretton Woods. Thereβs a very good chance that happens in the next 4 years and Iβd like to be a part of it.β