U.S. Treasury Secretary Scott Bessent caused heads to explode across the Beltway when he declared in a recent speech to the Economic Club of New York that “access to cheap goods is not the essence of the American Dream.” A mushroom cloud surely bloomed over the Cato Institute. Mike Pence took to X to rebut Bessent. “Actually,” the former vice president wrote, “it is. Tariffs are good as a means to bring nations like China to the table, but free trade lowers the costs of goods and improves the quality of life for every American.”
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