SCOOP: Treasury Secretary Bessent to huddle with key Republican caucus as Trump enacts tariff plan

FIRST ON FOX: Treasury Secretary Scott Bessent will be on Capitol Hill again on Wednesday to meet with a key Republican caucus, Fox News Digital has learned.

A source familiar with the planning told Fox News Digital that Bessent is among the speakers at the Republican Study Committee’s weekly lunch on Wednesday. Discussions are likely to focus on tariffs and the budget reconciliation process, the source anticipated. It comes as House Republicans wrestle with a way forward on both fronts.

SENATE GOP PUSHES TRUMP BUDGET FRAMEWORK THROUGH AFTER MARATHON VOTE SERIES

House Republicans on the Republican Study Committee are meeting with Treasury Secretary Scott Bessent, left, on Wednesday. (Getty)

On tariffs, some Republican lawmakers have said they would like more clarity from the White House on President Donald Trump’s plans – including whether his sweeping import taxes on friends and foes are a negotiation tactic or a matter of long-term policy.

One GOP lawmaker told Fox News Digital that Trump’s messaging has been “well-received” but added, “It would be nice to have more information.”

Rep. Don Bacon, R-Neb., who is leading a bipartisan bill to retake Congress’ power on tariffs, told reporters on Tuesday, “I don’t like the thought of waging a trade war with the entire world, and that’s what we’re doing right now.” 

“I mean, I surely support tariffs on China. It’s not that I oppose all tariffs, I think there are some countries that would need it. But I question why on Canada,” Bacon said.

MEET THE TRUMP-PICKED LAWMAKERS GIVING SPEAKER JOHNSON A FULL HOUSE GOP CONFERENCE

Rep. August Pfluger, R-Texas, is chairman of the Republican Study Committee. (Bill Clark/CQ-Roll Call, Inc via Getty Images)

Others, like Rep. Mike Haridopolos, R-Fla., were more supportive – though he also signaled he saw it as more of a negotiating tool.

“I believe in fair and free trade, I really do, but what we have right now is not fair, and it’s not free – we pay a disproportionate tax to other nations,” Haridopolos told Fox News Digital. “Whatever you tax me, I’ll tax you. Even better, if there’s no tax between the two countries, that’s a win for the United States in general.”

“I think the president has taken a strong position to say, ‘We’re a very generous country, and….all we’re asking for is for our trading partners to treat us the way they want to be treated.'”

The Republican Study Committee has more than 170 members and acts as the House Republican conference’s de facto think tank at times.

Bessent, meanwhile, opened the door to using tariffs as a hardball tactic in trade talks with other countries – likely welcome news for Republicans who were concerned about the long-term impact on their districts.

He told CNBC on Tuesday morning that he and U.S. Trade Representative Jamieson Greer were tapped to lead talks with Japan. He also said Trump himself would be “directly involved in those negotiations.”

“There are 50, 60, maybe almost 70 countries now who have approached us. So it’s going to be a busy April, May, maybe into June. And Japan is a very important military ally,” Bessent said. “And the U.S. has a lot of history with them, so I would expect that Japan’s going to get priority, just because they came forward very quickly. But it’s going to be very busy.”

HOUSE FREEDOM CAUCUS CHAIR URGES JOHNSON TO CHANGE COURSE ON SENATE VERSION OF TRUMP BUDGET BILL

President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled “Make America Wealthy Again” at the White House in Washington, D.C., on April 2, 2025. (BRENDAN SMIALOWSKI/AFP via Getty Images)

On the other end, the White House is working with House GOP leaders to convince critics of the Senate’s version of a sweeping bill to advance Trump’s agenda.

CLICK HERE TO GET THE FOX NEWS APP

Republicans are aiming to use their majorities to pass a massive piece of legislation dealing with border security, energy and defense, as well as extending Trump’s 2017 tax policies. 

Fiscal hawks are angry that the Senate’s version of the bill mandates a minimum of $4 billion in cuts, whereas the House plan calls for at least $1.5 trillion.

Fox News Digital reached out to the Treasury Department but did not immediately hear back.