All right, we're pleased uh to have joining us now uh for the latest on tariffs and trade on the eve of that August 1st uh trade uh deadline uh President Trump says Treasury Secretary Scott Bessant. Mr.. Secretary, always a pleasure to to see you and have you on the show. >> Morning, Joe. >> We heard yesterday uh after we saw the EU and and Japan, we heard actually that South Korea um just to to paraphrase, it might have been like, "What about us. we're here and um then before we know it, we hear from South ...

the policy toward tariffs was was changed um with liberation day- during our administration. We used tariffs and the threat of tariffs principally focused on China um to leverage changes in behavior, but the objective was to essentially lower trade barriers and expand trade. Um, and in this administration, I think what we saw several months ago, now it's paused again happily, uh, is the kind of broad-based industrial policy that I think ultimately will harm the American economy, will harm American consumers ...