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Date
Summary
Sec. Bessent: The Ultimate Goal Is to Bring Jobs Back to the U.S. While Collecting Substantial Tariffs in the Meantime
Source
CNBC

Name: CNBC
URL: http://www.cnbc.com/
Show
Squawk Box

Name: Squawk Box
URL: http://www.cnbc.com/id/15838368/
Persons
Andrew Ross Sorkin
, Scott Bessent

Name: Andrew Ross Sorkin
Employment: The New York Times
Position: Financial Columnist
Name: Scott Bessent
Employment: U.S. Department of Treasury
Position: Secretary of the Treasury
Event
Event location
–
Link
–
Original recording
Uploaded
04/08/2025 08:07 am
Owner
Diana (staff)
Type
Video
Format
MP4 (720x406)
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Duration
0:01:48
Views
7
Purchases
1
Transcript
SORKIN Mr Secretary though ░░░░░░░░ us just understand this ░░░░░░░░ maybe it s a ░░░░░░░░ nuanced answer because there ░░░░░░░░ sort of a different ░░░░░░░░ parts to this So ░░░░░░░░ president said yesterday with ░░░░░░░░ quote that these tariffs ░░░░░░░░ be permanent tariffs and ░░░░░░░░ can also be negotiations ░░░░░░░░ also had Peter Navarro ░░░░░░░░ you as Becky mentioned ░░░░░░░░ you just talked about ░░░░░░░░ that the whole goal ░░░░░░░░ this is to bring ░░░░░░░░ back to the U ░░░░░░░░ And then there s ░░░░░░░░ the discussion of trying ░░░░░░░░ raise revenue as a ░░░░░░░░ of the tariffs All ░░░░░░░░ those different ideas to ░░░░░░░░ degree oddly enough are ░░░░░░░░ odds with each other ░░░░░░░░ if you re successful ░░░░░░░░ creating revenue from the ░░░░░░░░ you re not bringing ░░░░░░░░ back to America necessarily ░░░░░░░░ that could be an ░░░░░░░░ of what happens I ░░░░░░░░ trying to understand from ░░░░░░░░ perspective whether these really ░░░░░░░░ negotiations they re not ░░░░░░░░ what success at the ░░░░░░░░ of the day actually ░░░░░░░░ like BESSENT Well Andrew ░░░░░░░░ know a lot to ░░░░░░░░ there And you know ░░░░░░░░ s just go through ░░░░░░░░ piece by piece that ░░░░░░░░ you if we put ░░░░░░░░ a tariff wall the ░░░░░░░░ goal would be to ░░░░░░░░ jobs back to the ░░░░░░░░ S but in the ░░░░░░░░ we will be collecting ░░░░░░░░ tariffs As I ve ░░░░░░░░ I believe on this ░░░░░░░░ that if we re ░░░░░░░░ tariffs would be a ░░░░░░░░ ice cube in a ░░░░░░░░ because you re taking ░░░░░░░░ the revenues as the ░░░░░░░░ facilities are built in ░░░░░░░░ U S and there ░░░░░░░░ be some level of ░░░░░░░░ between the taxes we ░░░░░░░░ taking in with the ░░░░░░░░ industry from the payroll ░░░░░░░░ as the tariffs decline.”
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