Treasury Secretary Scott Bessent said President Trump’s tariffs should boost American manufacturing over the “next couple of years.”

"We're seeing these very large commitments both from governments and from corporates,” Bessent said Thursday while on MSNBC's "Morning Joe,” adding later that “we've got trillions and trillions of manufacturing that's going to come back, and we're going to see that in the next couple of years."

Trump’s reciprocal tariffs formally kicked in Thursday, impacting shipments of goods from both trading allies and adversaries.

“IT’S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA,” Trump wrote just before midnight on Truth Social.

Some countries will face steep tariff rates, including Syria (41 percent), Laos (40 perce

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