Ask him what a gallon of milk costs. He's completely out of touch if he believes what he's saying. He's talking about big retailers—and I'm not sure these firms are well prepared for what's coming. But what about the small businesses that can't afford to import their products? Does he talk to them?
Reposted from Aaron Rupar
Bessent: "I wouldn't think that we would have supply chains shocks, and I think retailers have managed their inventory in front of this."

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