Bessent: Carbon tariffs could be part of an overall tariff program

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January 16, 2025 12:09 PM EST

Scott Bessent, U.S. President-elect Donald Trump's nominee to be secretary of treasury, looks on as he sits near his son Cole, on the day he testifies during a Senate Committee on Finance confirmation hearing on Capitol Hill in Washington, U.S., January 1

WASHINGTON (Reuters) - President-elect Donald Trump's pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is interested in potentially enacting tariffs on carbon emissions.

"It’s a very interesting idea that could be part of an entire tariff program," Bessent told the Senate Finance Commmittee, "President Trump hasn't taken office yet but if confirmed, I look forward to working with them on various strategies, some that could be specifically aimed for carbon."

Bessent said other tariffs could be aimed at other trade practices.

(Reporting by David Lawder and Bo Erickson)


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