Donald Trump’s chosen Treasury secretary, Scott Bessent, has stated his priorities for the role. According to the Wall Street Journal, Bessent will focus on implementing tax cuts and tariffs as pledged by the president-elect. This includes imposing tariffs on Chinese shipments, potentially at a rate of 60%. Additionally, reducing government spending will also be a key area of focus for Bessent. While specific details remain unclear, Bessent’s commitment to Trump’s economic policies has been outlined in his statements to the WSJ.
Source: https://www.bloomberg.com/news/articles/2024-11-25/trump-s-treasury-choice-bessent-tells-wsj-tax-cuts-a-priority