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Scott Bessent: “There was no Ukrainian territory taken any time that…”

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 08:31

Look, at the end of the day, it's going to be a decision with the Ukrainians. President Trump is appointed president of peace. This war would not have started. There was no Ukrainian territory taken any time that [President Trump] has been in office. Everything else, Crimea and this move had been when President Trump wasn't there. President Trump has put more pressure on the Russian Federation with economic sanctions. (08:31–08:37)

CLAIM

Asserts that no Ukrainian territory was taken during President Trump's time in office.

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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“He put a 25% tariff on India because they were buying Russian oil.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 09:07-09:14
“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.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 10:33-10:37
“1.5% hit to GDP, 11 billion dollars permanent hit.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 12:07-12:13
“Presidents closed the border and the mass immigration is gone.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 00:41-00:46
“Interest rates are down.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 00:51-00:53
“We had a very big October for home sales.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 01:00-01:04
“Gasoline is down.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 01:05-01:07
“Inflation hasn't gone up.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 01:49-01:52
“Blue state inflation is half a percent higher.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 02:19-02:23
“Imported goods, the inflation has actually been flat.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 02:58-03:04
“Boeing is expanding their Dreamliner plant. 1,000 new jobs.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 06:28-06:33
“I am the highest ranking US Official to have visited Ukraine.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 07:10-07:16
“We did [the economic cooperation agreement] three months later, and now it is the centerpiece for the Ukrainian economy.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 07:32-07:48
“This agreement is even funding military plants for the very innovative military sector in the Ukraine.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 07:39-07:48
“President Trump is appointed president of peace. This war would not have started.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 08:28-08:32
“I am confident that every order that President Trump gives is lawful.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 08:28-08:31
“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.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 09:01-09:07
“The price of Russian oil has collapsed very quickly.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 09:29-09:33
“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.”
Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview | Uploaded November 23, 2025 | 12:23-12:28