President-elect Donald Trump’s pick to lead the Treasury Department spoke repeatedly about energy during his Thursday confirmation hearing, including a willingness to implement carbon tariffs against China.
Scott Bessent discussed his views about American energy dominance during a policy-heavy hearing before the Senate Finance Committee. Bessent, a hedge fund manager, is widely expected to win confirmation.
When questioned by Sen. Bill Cassidy (R-La.) on the potential of implementing a tariff against China based on carbon pollution, Bessent appeared open to the idea. Cassidy has repeatedly advocated for such a tariff, despite pushback from more conservative GOP members.
“I think this is a very interesting idea. It could be part of an entire tariff program,” Bessent said.