Treasury Secretary Scott Bessent encouraged global business leaders to invest in the United States, defending President Trump’s economic agenda despite warnings from economists that it could slow growth and exacerbate inflation. Speaking at the Milken Institute Global Conference in Los Angeles, Mr. Bessent argued that the administration’s plans extend beyond trade policy and will yield long-term benefits. He highlighted tax cuts and deregulation as measures to spur job creation and output. His remarks followed Mr. Trump’s decision to impose new tariffs on foreign film producers, which puzzled many in Hollywood. Mr. Bessent has been working to reassure investors concerned about the potential destabilization of the global economy due to Trump’s trade policies. — new from The New York Times
