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Squawk Pod

Treasury Secretary Scott Bessent: Tariffs, TikTok, & A Duel 9/16/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 16 September 2025

⏱️ 45 minutes

🧾️ Download transcript

Summary

On the ground in London for the President’s state visit, Treasury Secretary Scott Bessent discusses tariffs, a potential trade deal with China, Federal Reserve independence, and reports of a spar between himself and Federal Housing Finance Agency Director Bill Pulte. Plus, Stephen Miran was confirmed to the Federal Reserve Board, the SEC is considering changing reporting requirements for publicly traded companies, and President Trump is bringing a $15 billion defamation lawsuit against The New York Times. Secretary Scott Bessent - 18:55 In this episode: Scott Bessent, @SecScottBessent Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0

Bring in show music, please.

0:04.5

This is Squawk Pod from CNBC, and I'm producer Cameron Costa.

0:09.2

On today's episode, Treasury Secretary Scott Bessent, on the legal snags for the president's

0:16.2

tariff agenda.

0:17.5

I'm confident that the Supreme Court will rule in favor the administration. I think the

0:23.6

law is on our side. I think historically that the Supreme Court is very reluctant to overrule a

0:30.4

president's signature policy. But a trade deal with China on the horizon, maybe as soon as this week.

0:37.6

I anticipate we have a framework for a deal, and I anticipate on Friday when President

0:44.2

Trump has a phone call with party chair she, that the two of them will agree on a final

0:49.9

deal.

0:51.1

And what is going on inside the White House?

0:54.7

Treasury secretaries dating back to Alexander Hamilton have a history of dueling.

1:03.5

Bessent comments, kind of, on reports of a spar between himself and Bill Pulte.

1:09.8

With President Trump's team, just like any great sports team, you can argue in the locker

1:17.4

room, but we get out in the field and do the best for the president and the American people

1:21.9

every day.

1:22.9

Kind of like squack box.

1:24.1

Yeah, exactly.

1:26.2

That big interview, plus the SEC is considering changing the

1:31.1

earnings report schedule for public companies, and President Trump is suing the New York Times

1:37.8

in a $15 billion defamation lawsuit. What? It's Tuesday, September 16th, 2025, and SquawkPod begins right now.

1:51.5

Stand Becky by in three, two, one. Cure, please. Good morning, everybody. Welcome to Squackbox right here on CNBC. We're live from the NASDAQ market site in Times Square. I'm Becky Quick along with Joe Kernan. Andrew is off today.

...

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