U.S. President Donald Trump's tariff plans are largely aimed at bringing manufacturing back to the United States, Treasury Secretary Scott Bessent told Fox Business on Wednesday, singling out medical supplies and shipbuilding as targeted sectors.

The secretary replaces Rohit Chopra, who had aggressively sought to expand the bureau’s authority over banks and other financial firms.

President Donald Trump has made Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau after firing former head Rohit Chopra over the weekend. Bessent, a former hedge fund manager who was confirmed as head of the U.

In what appears to be yet another move to consolidate parts of the federal government, President Donald Trump has appointed Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau.

President Donald Trump has tasked Treasury Secretary Scott Bessent with serving as the acting director of the Consumer Financial Protection Bureau, the agency said Monday.

Staff at the Consumer Financial Protection Bureau, a watchdog agency formed after the 2008 financial crisis, have been told to cease work after President Donald Trump appointed his Treasury Secretary to temporarily head it.