new video loaded: Treasury Secretary Scott Bessent Says He’s ‘Evolved’ on Tariffs
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Treasury Secretary Scott Bessent Says He’s ‘Evolved’ on Tariffs
Speaking at The New York Times DealBook Summit, Treasury Secretary Scott Bessent said American trading partners are opening their markets to the United States because of President Trump’s tariffs.
“Affordability is worse in a blue state.” “We can debate that.” “No, no, there’s no debate. New York, Illinois, California, Massachusetts are depopulating.” “And they’re going to places in Florida, like Florida, where interest rates are — I’m saying inflation’s up 22 percent over the last four years.” “Well inflation — then inflation is up 25 percent nationally. So it’s lower.” “I believe in New York it was 19 percent.” “Sorry.” “I believe in New York it was 19 percent.” “I don’t think that’s right. I have evolved on this and that the president’s been right, and the president has said it publicly. The president has a much higher risk appetite than I do. And the president went in with a maximalist position. And that is actually what gave us the leverage in the negotiations.”
Speaking at The New York Times DealBook Summit, Treasury Secretary Scott Bessent said American trading partners are opening their markets to the United States because of President Trump’s tariffs.
By McKinnon de Kuyper
December 3, 2025
