DealBook Summit

Scott Bessent’s Tariff Evolution

Episode Summary

Treasury Secretary Scott Bessent discusses how President Trump contributed to his change in perspective on tariffs: “I’ve had an open mind, and I’ve evolved on this, and the president has been right,” he said. Mr. Bessent also discusses the United States’ trade deal with China, inflation and Mr. Trump’s potential pick for the Federal Reserve chair.

Episode Notes

Treasury Secretary Scott Bessent discusses how President Trump contributed to his change in perspective on tariffs: “I’ve had an open mind, and I’ve evolved on this, and the president has been right,” he said.

Mr. Bessent also discusses the United States’ trade deal with China, inflation and Mr. Trump’s potential pick for the Federal Reserve chair.