Scott Bessent to answer Senate questions on tariffs and economic policies during confirmation hearing

Scott Bessent will face Senate questioning about tariffs and economic policies during his confirmation hearing for Treasury Secretary. This comes amid mixed signals regarding President-elect Donald Trump's economic plans, known as Trumponomics 2.0. Key issues include competing tariff proposals, some of which Bessent supports, and concerns over Republican tax and spending plans for 2025. Senate Democrats, including Ron Wyden and Elizabeth Warren, plan to press Bessent on these topics and his personal finances. Recent discussions have highlighted various tariff strategies, with some suggesting gradual implementation. Bessent's involvement in these discussions has raised interest among market watchers as the Senate prepares for the hearing.