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Scott Bessent: “We've seen the goods sector, the deficit with our trading…”

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

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FULL INTERVIEW: Scott Bessent Holds Interview After Supreme Court Strikes Down Trump Tariffs

Published | Video Starts at 07:29

And I will tell you, like the tariff revenues, they have come into the Treasury. But more importantly, the ultimate goal of tariffs is rebalancing trade and bringing back the, bringing our trade deficits into balance. We've seen the goods sector, the deficit with our trading partners, drop by 17%. We've seen our bilateral deficit with China drop substantially. And we are seeing trillions of investments in factories coming back to the US because of the tariffs. (07:29–07:37)

CLAIM

Asserts that the trade deficit in the goods sector has decreased by 17%.

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