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Scott Bessent: “The 301s and the 232s have proven very resilient. They…”

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

Treasury Secretary Bessent responds to Trump's State of the Union address

Published February 25, 2026 | Video Starts at 06:55

What we have the ability to do is to do studies. And the 301 primarily, but also the 232s can move back up to the previous tariff level. And Since President Trump's first term, The 301s and the 232s have proven very resilient. They survived more than 4,000 legal challenges. And let me just zoom out. Is the goal to make tariffs writ large permanent? The goal is to reassure American industry and stop unfair trade practices. (06:55–07:03)

CLAIM

Asserts that the 301 and 232 tariffs have withstood over 4,000 legal challenges.

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

“We've had real wage gains every month since the president's been in office.”
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“Currently 38% of Americans have no exposure to the equity market.”
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“China is the largest payer of US Tariffs.”
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“It brought our GDP down in the fourth quarter between 1 and 2%.”
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“The president never stops working for the American people.”
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“He has brought down prices, he has brought down mortgage rates, the large tax cuts.”
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“47% of the returns we're getting have one of his four signature policies.”
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“We saw a big jump, way, way above expectations in consumer confidence today.”
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“The president's numbers have been improving since October.”
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“Inflation was up 2.7% last year.”
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“We can do it through reconciliation.”
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“The Supreme Court did not strike down the 232 or 301 tariffs.”
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“Congress did give the President authority to put on tariffs.”
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“The Supreme Court remanded the refunds back down to a lower court.”
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“We will follow what the lower court says to do so.”
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“The Democrats and the party have shut down. They had. They were responsible for the longest shutdown in government history.”
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“I published the Washington Post op ed saying that Republicans should break the filibuster.”
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“Iran is the head of the snake for international chaos and disorder.”
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“They are the largest sponsor of state terrorism, whether it's in Venezuela, whether it's in the Middle East.”
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