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Scott Bessent: “It's been less than $200 in extra the gasoline cost [for…”

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

FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum

Published May 30, 2026 | Video Starts at 28:38

Look, the war and we'll get to the other side of this. The economy has been very resilient through all this. Look, for many families it's not nothing, but It's been less than $200 in extra the gasoline cost [for many families]. And I don't have it with me. But all the Democrats want to talk about now is beef and gasoline. I've got, I've got a sheet that has 12 supermarket items. (28:38–28:48)

CLAIM

Asserts that the additional gasoline cost for many families has been less than $200.

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

“Inflation's probably over 200% [in Iran].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 19:00-19:03
“Kharg island, which is the Iranian oil export facility, is shut down.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 21:43-21:50
“We have seized about $1 billion of their crypto and just outright seized it.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 23:09-23:16
“Eggs are down 90% now.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 29:05-29:08
“Real wages grew about 17%.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 29:45-29:49
“38% of Americans have no exposure to our great equity market.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 32:52-32:59
“He [Kevin Warsh] said he's going to get rid of forward guidance.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 00:50-37:49
“We told ourselves that so long as goods were cheaper overseas, it did not matter whether factories went dark in Michigan, Ohio or…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 01:29-01:41
“Economic security is national security.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 02:11-02:15
“Economic security is national security.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 02:11-02:15
“A nation that cannot manufacture, mine, ship or refine its needs, gradually cedes its strength and sovereignty to others.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 02:15-02:26
“China's accession to the WTO and the granting of permanent normal trade relations were sold to the American people as steps that would level…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 03:46-03:59
“The pandemic did not create our brittle supply chains so much as expose them.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 04:29-04:36
“Today, the United States still imports most of its rare earth minerals that are essential to the technologies that will shape military and…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 05:00-05:13
“Only a small share of the active pharmaceutical ingredients that we use in the United States are made here.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 05:12-05:22
“American shipbuilding capacity which once helped to secure victory in war and prosperity in peace has shrunk to a fraction of global…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 05:21-05:32
“America has been asleep. We mistook comfort for strength. We substituted efficiency for resilience and consumption as a measure of…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 05:32-05:32
“Cheaper was always better. Offshoring was inevitable. Industrial policy was unfashionable. And strategic dependence was acceptable so long…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 06:05-06:19
“America should never again put itself in a position where its security depends on supply chains and it does not control factories it no…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 08:15-08:30
“Trade policy, industrial capacity, and national security are inseparable.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 08:41-08:48
“President Trump issued the America First Trade Policy Memorandum, a sweeping directive to Treasury, Commerce, Homeland Security, USTR and…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 08:56-09:14
“Last April, the President declared a national emergency tied to the cumulative effects of foreign trade practices and announced reciprocal…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 09:20-09:35
“President Trump signed executive action on processed critical minerals and derivative products under section 232, expressly linking import…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 10:02-10:22
“President Trump signed an executive order to restore America's maritime dominance, established a new Office of Maritime and Industrial…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 10:32-10:49
“President Trump signed an executive order to fill the strategic Active Pharmaceutical Ingredients reserve so that America is never again…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 11:02-11:18
“The White House also highlighted further action to impose tariffs on patented pharmaceutical products, while noting parallel section 232…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 11:19-11:36
“America has awakened. We are alert to the fact that a resilient economy is the foundation of a strong republic.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 14:08-14:18
“Trade policy, industrial policy, and national security policy must all fit together or they will each fail separately.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 14:32-14:43
“Under President Trump's leadership, we are alert to the risk we can no longer ignore and attune to the responsibility we can no longer…”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 16:10-16:19
“Iran must give up their highly enriched uranium and cannot have a nuclear weapon.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 18:12-18:19
“This is the first time the Iranians have been willing to discuss the nuclear subject.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 18:25-18:30
“Operation Economic Fury, where we have really cut them off and they are at the end of their tether now.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 18:44-18:54
“We did not have regime change, but we changed the regime. The first level leaders decapitated, the second level decapitated.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 19:24-19:33
“Treasury, we're doing the financial blockade.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 20:59-21:02
“The blockade did that. We think they have the lowest amount of oil on the water. Their only client is China.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 21:51-22:00
“We've frozen Iranian bank accounts.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 22:50-22:55
“We're never going to have to talk about a tax cut again because these are permanent.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 27:12-27:18
“The economy has been very resilient through all this [the war].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 28:30-28:36
“With the Trump accounts, any child born during President Trump's term, they get $1,000 seed investment from treasury.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 33:12-33:23
“Families with children under 18 can open a Trump account and they put up to $5,000 in there.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 33:39-33:47
“Michael and Susan Dell, $6.25 billion to American children.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 34:06-34:13
“20 states so far that I think are going to add to these [Trump accounts].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 36:24-36:30
“The Treasury Secretary, the Fed Chair have lunch or breakfast every week.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 37:08-37:14
“The United States President Trump, with his policies has made the United States the best place.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 41:42-41:49
“Everything we have done since the ceasefire began has been defensive.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 42:43-42:49
“Admiral Cooper, General Kane, Secretary Hegseth have been very clear about [the defensive nature of actions].”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 42:51-42:58
“We have the deal, we don't have the deal, but we just maintain the blockade and we keep squeezing them.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 43:25-43:34
“Every day that goes by [is] much worse for them [Iran] or we go back to kinetic action.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 43:35-43:41
“We put more sanctions on yesterday. We sanctioned their two airlines.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 44:10-44:18
“There are some things that we can take off to help the Iranian people.”
FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum | Uploaded May 30, 2026 | 44:25-44:31