LOS ANGELES — Treasury Secretary Scott Bessent on Monday warned critics of President Donald Trump’s controversial tariff plans to “never bet against America” — despite some of the finance world’s heavyweights voicing fears that the trade war has made the US “merely exceptional.” Bessent gave a full-throated defense of the commander-in-chief’s America First agenda in prepared remarks at the annual Milken Institute Global Conference in Beverly Hills, Calif., predicting that Trump’s trade, deregulation and tax policies would unlock a “Golden Age” of economic prosperity. “Most companies are in a bit of limbo land, and in that investment spending, some of that is being suspended, some of the decisions on (capital expenditure) and hiring are on hold,” Fraser said.
Author: James Franey
Published at: 2025-05-05 21:19:59
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