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U.S. Treasury Secretary Becerra denied in an interview with NBC News the claim that Trump's comprehensive trade tariffs are a tax on Americans. He rebutted concerns from major U.S. companies such as John Deere, Nike, and Stanley Black & Decker, which have stated that Trump's tariff policy will cost them billions of dollars annually. Becerra stated, "People are drawing these conclusions from earnings call conferences where companies have to present harsh scenarios. But no company has come out and said, 'Oh, we did this because of the tariffs.'" He went on to add, "If things are that bad, why is GDP at 3.3%? Why is the stock market reaching new highs? Because President Trump cares about both big companies and small businesses."
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