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Bessent defends Trump's tariffs against claims they harm US businesses

1. Treasury Secretary Bessent defends tariffs as beneficial long-term for U.S. economy. 2. Tariff revenues reached $31 billion in August, highest monthly total for 2025. 3. Domestic manufacturing and job creation expected to accelerate in the coming months. 4. Bessent claims tariffs will improve competitiveness despite short-term costs to consumers. 5. Justice Department plans to appeal court ruling on tariff authority to Supreme Court.

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FAQ

Why Bullish?

Optimistic tariff revenue and expected manufacturing growth can uplift S&P 500 sectors.

How important is it?

Tariff policies greatly influence manufacturing sectors, which are heavily represented in S&P 500.

Why Short Term?

Immediate revenues and job creation may provide near-term market boosts; longer-term uncertain.

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