Treasury Secretary Scott Bessent emphasized the significance of President Trump's economic policies, specifically trade reform, tax cuts, and deregulation, during his address at the Milken Institute Global Conference. He portrayed these elements as interconnected parts of a strategy designed to enhance long-term investment in the American economy. Bessent argued that tariffs encourage companies to invest in the U.S., advocating for local hiring and manufacturing. He also addressed the need for regulatory reform aimed at reducing government borrowing and returning the deficit to a sustainable level.
Tariffs are engineered to encourage companies like yours to invest directly in the United States. Hire your workers here, build your factories here, make your products here.
The 'America First' agenda would be 'the blueprint for a more abundant world.' All three elements of the policy must be taken together.
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