Tariffs Increase Quotes by Scott Bessent

If Vice President Albert Arnold Gore, Jr. had won his home state of Tennessee on November 7, 2000, he would have become president of…

— Scott Bessent

Our firm: We study history. We think about the future. We try to analyze what's going on in the present.

— Scott Bessent

Tariffs can't be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money…

— Scott Bessent

President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove inflationary. Indeed,…

— Scott Bessent

We are stretching our nation's finances and creditworthiness so thin that we may find ourselves unable to afford to defend our interests around the…

— Scott Bessent

Treasury Secretary Janet Yellen has distorted Treasury markets by borrowing more than $1 trillion in more-expensive shorter-term debt compared with historical norms. Terming out…

— Scott Bessent

The original sin of Bidenomics was the American Rescue Plan, which became law in March 2021.

— Scott Bessent

Used strategically, tariffs can increase revenue to the Treasury, encourage businesses to restore production and reduce our reliance on industrial production from strategic rivals.

— Scott Bessent

Academic economists have consistently discredited themselves by wrongly warning against the policies of President Trump.

— Scott Bessent

I grew up on a fishing village, a little river, South Carolina.

— Scott Bessent

Allowing the private sector rather than the government to allocate capital is crucial to growth.

— Scott Bessent

Despite its many flaws, abandoning the international trading system would be a major economic and strategic mistake. Instead, the United States must adopt policies…

— Scott Bessent