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Press Release

Bessent: Carbon Tariffs Could Be Part of an Overall Tariff Program

Published by Todd Bush on January 20, 2025

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 Committee, "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.

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