(NewsNation) — Members of the House Appropriations Committee are set to question Treasury Secretary Scott Bessent on Tuesday amid an escalating trade war.
Bessent will appear as the Trump administration faces stock market turmoil and increasing fears of a recession among voters.
President Donald Trump’s steep tariffs on China have led to warnings of shortages and high prices, with some experts warning consumers could start seeing empty shelves in a matter of days.
Trump to meet with Canada’s Mark Carney for high-stakes trade talks
Trump has not backed down from his insistence that tariffs will benefit the country in the long term and has claimed that multiple countries have been making deals to provide more favorable trade conditions to the United States in exchange for lower tariffs.
None of those deals have been announced, however, and China has repeatedly rejected assertions from the White House that it is ready to make deal.
