Treasury Sec Bessent: Trump administration is focused on the real economy

US Treasury Sec Bessent:

• Trump administration is focused on the real economy
• Not concerned about a little bit of volatility focused on the long-term.
• US government shutdown would be disruptive
• Dems would "own it" if the government shutdown
• Asked about Trumps 200% tariff threat, says not sure why one or two items from one or two trading blocs is a big deal.
• Aside from metals and likely orders, everything else is up for grabs for tariffs
• If trading partners want to ratchet things up, surplus countries will take the biggest hit
• Generally CEOs are supportive of a transitional detox.