LOS ANGELES — U.S. Treasury Secret Scott Bessent outlined the Trump administration’s three-pronged economic plan that combines tariffs, tax cuts and deregulation in a pitch to global investors, kicking off the 2025 Milken Institute Global Conference here.
Speaking on Monday at the annual event — which draws thousands of bankers, investors, policymakers and business executives — Bessent said the rebalancing of trade relations with President Donald Trump’s “reciprocal tariffs” will work together with his plans for tax cuts and deregulation to boost the U.S. economy.
