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Scott Bessent: “He put a 25% tariff on India because they were buying…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview

Published November 23, 2025 | Video Starts at 09:07

In my mind, Kristen, if you're going to do something 19 times, you failed. Instead, President Trump moved forward with a bold initiative that the Europeans would not follow us on. He put a 25% tariff on India because they were buying Russian oil. The Russian oil going in to the Indian refineries. Guess who was buying that? The Europeans. They are funding the war on themselves. President Trump. (09:07–09:14)

CLAIM

Asserts that President Trump imposed a 25% tariff on India for purchasing Russian oil.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Scott Bessent

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“Turkey prices are down 16%.”
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“The longest government shutdown in history was 1.5% hit to GDP.”
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“9,500 foreign flights canceled.”
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“There was no Ukrainian territory taken any time that [President Trump] has been in office.”
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“They two weeks ago sanctioned Rosneft and Lukoil, the two biggest Russian oil companies.”
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“There are 2.1 million service members.”
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“1.5% hit to GDP, 11 billion dollars permanent hit.”
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“Presidents closed the border and the mass immigration is gone.”
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“Interest rates are down.”
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“We had a very big October for home sales.”
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“Gasoline is down.”
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“Inflation hasn't gone up.”
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“Blue state inflation is half a percent higher.”
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“Imported goods, the inflation has actually been flat.”
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“Boeing is expanding their Dreamliner plant. 1,000 new jobs.”
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“I am the highest ranking US Official to have visited Ukraine.”
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“We did [the economic cooperation agreement] three months later, and now it is the centerpiece for the Ukrainian economy.”
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“This agreement is even funding military plants for the very innovative military sector in the Ukraine.”
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“President Trump is appointed president of peace. This war would not have started.”
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“I am confident that every order that President Trump gives is lawful.”
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“President Trump has put more pressure on the Russian Federation with economic sanctions.”
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“President Trump moved forward with a bold initiative that the Europeans would not follow us on.”
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“The price of Russian oil has collapsed very quickly.”
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“This was a display of gross, gross negligence here.”
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“The Democrats kept the government shut down.”
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“Senate Republicans should immediately abrogate the filibuster.”
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