Scott Bessent acknowledged that the "billions" in tariffs the president says are flowing "into" the U.S. are footed by importers, who can pass the cost onto consumers

Billy Long, who was sworn in just under two months ago, was already the sixth person to hold the job this year. He told NBC News he will be the next U.S. ambassador to Iceland.

Bessent based his assumption that there’s a written and signed agreement on the trade deals reached with Indonesia and the Philippines. Notably, Indonesia contests some of Trump’s claims about its deal, and details about the Philippines deal remain scant beyond Trump’s Truth Social posts.