Treasury Secretary Scott Bessent called on global business leaders to boost investment in the United States, countering skepticism around President Trump's economic plans which critics warn may hinder growth and inflation. He highlighted Trump's tax cuts and deregulation as measures to encourage job creation. Despite recent tariffs leading to global economic instability, Bessent assured investors of forthcoming negotiations to alleviate tensions, emphasizing the U.S.'s competitive workforce and forthcoming beneficial tax environment. This articulation comes amid ongoing scrutiny related to various tariff implementations and their effects on industries such as Hollywood.
Mr. Bessent urged business leaders to ignore economic negativity and invest in the U.S., stressing that tax cuts and regulation reduction will spur job creation.
He emphasized the necessity of investment in the U.S. workforce and highlighted that the nation will soon provide the most favorable tax and regulatory environment.
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