During the Milken Institute Global Conference, Treasury Secretary Scott Bessent urged global business leaders to overlook skepticism regarding the Trump administration's economic agenda, particularly concerning trade policies. He emphasized that tax cuts and deregulation would create a favorable investment climate in the U.S., promoting job creation. Amid tense trade relations, including tariffs on foreign industries, Bessent reassured investors that the administration aims to stabilize the economy and negotiate better trade terms, particularly with China, presenting optimism for future growth amid concerns of inflation and market instability.
Treasury Secretary Scott Bessent urged business leaders to invest in the U.S., stating that the Trump administration's economic plans are about future growth despite short-term concerns.
Mr. Bessent emphasized that Trump's tax cuts and deregulation create an attractive environment for businesses to thrive, ultimately driving job creation and economic output.
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