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DealBook Summit

Scott Bessent’s Tariff Evolution

04 Dec 2025

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Treasury Secretary Scott Bessent discusses how President Trump contributed to his change in perspective on tariffs: “I’ve had an open mind, and I’ve evolved on this, and the president has been right,” he said.Mr. Bessent also discusses the United States’ trade deal with China, inflation and Mr. Trump’s potential pick for the Federal Reserve chair. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

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