Treasury Secretary Scott Bessent outlined President Donald Trump’s “America First Vision” during a speech at the Milken Institute Global Conference, appealing to global investors. Bessent emphasized the administration’s efforts to reduce government waste, promote private investment, and implement tax reforms. He highlighted tariffs, tax cuts, and deregulation as the core components of Trump’s economic agenda. Addressing wealthy investors, Bessent stated that the administration aims to make the U.S. more attractive for investment. In a CNBC interview following his speech, Bessent expressed optimism about upcoming trade deals, suggesting substantial progress with China in the coming weeks despite ongoing high tariffs. Trump had previously announced a 90-day pause on most high tariff rates, replacing them with a 10% flat rate, though the duty on Chinese imports was raised to an effective 145%. Despite claims of numerous pending deals, no agreements have been announced since the tariff pause. Administration officials hinted at a potential deal with India, whose Prime Minister Narendra Modi has ties with Trump.
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