Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)
“You’ve had nine months to think about it, and while you’ve been thinking about it, working families have been struggling when it is required by law that they have many of these essential baby products.”
“Black families, Black futures, and the lives and livelihoods of all who call this country home are depending on you to act.”
Pressley Has Repeatedly Sounded the Alarm on Pushout of Black Women from Workforce Under Trump, Demanded Action from Federal Reserve
Nine Months Ago, After Pressure from Pressley, Treasury and Trump Said Exemption Was “Under Consideration”
Video (YouTube)
WASHINGTON, D.C. – During yesterday’s House Financial Services Committee hearing, Congresswoman Ayanna Pressley (MA-07) demanded Treasury Secretary Scott Bessent take immediate action for working families—urging he address the alarming rates of Black workers’ unemployment, as well as calling on him to commit to his prior support of exempting baby products from Trump’s tariffs.
Nine months ago, following Rep. Pressley’s questioning, Secretary Bessent conceded the Treasury Department would consider exempting essential baby care products from tariffs, which was later reaffirmed by President Trump.
Rep. Pressley has repeatedly sounded the alarm on the rising number of Black women forced out of the workforce in the United States, called on the Federal Reserve to take action, and convened impacted women and economists to renew those calls. The Federal Reserve responded to the Congresswoman’s letter in October, and Rep. Pressley pushed for further action demanding a briefing for members of the Congressional Black Caucus on how the Fed is responding to this crisis.
A transcript of Congresswoman Pressley’s remarks at the press conference is available below, and the video is available here.
Transcript: Pressley Demands Treasury Sec. Bessent Address Alarming Black Unemployment Crisis, Exempt Baby Products from Trump’s Tariffs
House Financial Services Committee
February 4, 2026
REP. AYANNA PRESSLEY: Mr. Secretary, it took a year to get Secretary Turner before this committee. So, I’m grateful for your return.
And I want to pick up where we left off nine months ago.
The average American spends over $20,000 on baby costs in the first year of having a baby.
Essential products like car seats are more expensive because of Trump tariffs.
You told me last time that they were under consideration, but nothing has changed since May of last year, much to the distress of families.
There is still no exemption for tariffs on baby products.
For the record, Mr. Secretary, how many tariff exemptions are there?
SECRETARY BESSENT: There are actually very few now.
REP. PRESSLEY: You’re right.
Actually, I think there’s some 30 pages of exemptions totaling over 1,000, including for asbestos.
Can you explain to families across America—working families struggling to make ends meet—why baby products that are required by law are not exempt from Trump’s tariffs?
SEC. BESSENT: Again, Congresswoman the, it is a matrix, and many of these products unfortunately are made in China. And every…
REP. PRESSLEY: Mr. Secretary, reclaiming my time. It’s just, it’s an unacceptable answer.
You’ve had nine months.
You told me it was under consideration.
You’ve had nine months to think about it, and while you’ve been thinking about it, working families have been struggling when it is required by law that they have many of these essential baby products.
Your report from the Department of Treasury refers to them, car seats as essential safety tools.
So, if you can acknowledge that…
SEC. BESSENT: I will acknowledge the gas to run the car.
REP. PRESSLEY: Well, listen, you’ve included asbestos in your exemptions.
So, you’re telling me you can do asbestos and not baby products.
SEC. BESSENT: I think you would want children to be safe in their homes.
REP. PRESSLEY: Mr. Secretary, parents with newborns don’t want to hear your excuses.
They need to keep their babies safe.
They want to comply with the law, and they need action to lower costs, period.
So, will you exempt baby products from tariffs, yes or no?
SEC. BESSENT: Again, we will look into it.
REP. PRESSLEY: Mr. Secretary, respectfully, yes or no?
SEC. BESSENT: Congresswoman, I am the Treasury Secretary. I am not the USTR, I am not the President of the United States.
REP. PRESSLEY: Reclaiming my time. Mr. Secretary, you’re taking my time.
SEC. BESSENT: This is financial stability oversight council.
REP. PRESSLEY: Mr. Secretary, then I ask for your advocacy then because a no or a non-answer is unacceptable to the working families you claim to care so much about.
Moving on, moving on, moving on, moving on.
FSC CHAIRMAN: It’s the gentlelady’s time.
SEC. BESSENT: I’m agreeing with you, you will have my advocacy.
REP. PRESSLEY: Okay, thank you. Can you say that again for the record.
SEC. BESSENT: Sorry.
REP. PRESSLEY: Can you say that again? I will have your advocacy?
SEC. BESSENT: I am one voice.
REP. PRESSLEY: For an exemption?
SEC. BESSENT: I am one voice.
REP. PRESSLEY: Okay. Have you been paying attention to the high rate of unemployment for Black workers? Are you aware of that? The high unemployment rate for Black workers?
SEC. BESSENT: It is traditionally higher than for all workers.
REP. PRESSLEY: Well, listen, no. It’s through the roof right now.
There are hundreds of thousands of Black workers that have been pushed out of the workforce, and the unemployment rates for Black workers and all workers are among the highest they’ve been since the COVID-19 pandemic.
Black workers contribute over a trillion dollars to the US economy, but the pushout of these workers from the workforce has led to a loss of $37 billion in the GDP.
With Black women being among—just so y’all know—the most educated and most active in seeking work, their pushout is a glaring warning sign for where our economy is headed, because Black workers, Black women in particular, have always been the canaries in the coal mine.
So, this is a problem for everyone.
Black women are bearing the brunt, but everyone will feel this hurt.
I have led letters to Fed Chair Powell calling for action to be taken.
He is also a member of FSOC.
So, I want to ask you, Mr. Secretary, will you commit to analyzing Black unemployment rates specifically and its impacts on financial stability? Yes or no?
SEC. BESSENT: I will analyze Black unemployment rates.
REP. PRESSLEY: Wonderful. And when will you get us a report and a plan of action? I was thinking March 6th.
SEC. BESSENT: I can’t commit to a date.
REP. PRESSLEY: Okay, alright. Well, I think March 6th makes sense.
That’d give you over a month, which is more than enough time to convene that working group and to report out your findings.
I know you already have the infrastructure to do that.
So, at the end of the day, Black families, Black futures, and the lives and livelihoods of all who call this country home are depending on you to act.
And with that, Happy Black History Month.
I yield back.
###