Bessent 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

20250505N BESSENT Reuters

U.S. Treasury Secretary Scott Bessent speaks at the Milken Institute Global Conference 2025 in Beverly Hills, California, on May 5. © Reuters

YIFAN YU

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.

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