Trade warBessent touts Trump tariff-tax-dereg plan as investors seek China clarity
Asia to see more trade and investment as US retreats, panelists at Milken say
U.S. Treasury Secretary Scott Bessent speaks at the Milken Institute Global Conference 2025 in Beverly Hills, California, on May 5. © Reuters
LOS ANGELES -- U.S. Treasury Secretary 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.