The United States economy will grow faster than 3% this time next year, predicts the treasury bessent

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• Growth Forecastry Trading Policy, Tax Reduction and Regulatory Combination will soon conduct an apple in action According to Trump management, 0.3% of 0.3% in the first quarter. “We will return from the corner to the end of the year,” said Treasury Secretary Scott Bessent during a wide interview.

Trump leadership, because the benefits of the economic agenda, after the first quarter contraction in the first quarter, the immediate bounce will increase in the next 12 months later.

In a large interview with Bloomberg TV on Friday, Treasury Secretary Scott Bessent predicted the unification of the government’s growth policy, and the agenda and regulation soon predicted the way to take an apple of an apple. During the 2024 campaign, Trump promised to improve the lives of low and secondary income voters in the remaining communities through globalization.

“This time next year, we will be in the north of three (percentage growth) and we expect to turn around the corner by the end of the year,” Bessent said.

Can sand the sole concern, courts and democratic lawmakers to the works, for example, the work that prevents the literally needed acceleration power The boom that is ongoing inside energy-hungry AI Information centers with new utility projects.

In the first three months of this year, the US economy narrowed in the rate of 0.3% per annum Enterprises collected imports Penalty tariffs held by Trump leadership in advance. Later on global worldview pessimism In April, the survey increased between CEOs gave luck and Deloitte.

During the interview, Bessent spoke about a number of key economic issues that the administration pushed the currently, for example, the tax cutting package called Trump “a great, beautiful bill.”

Reducing fiscal deficiency remains difficult in the near future

One main side of the bill that can accelerate growth, over time, it has been the opportunity to earn a unique profit, rather than reducing taxable revenues.

In the pharmacy price, it reduced the deficit as a percentage of the general economy, with deposits.

“President Trump has made this very bold offer due to prescription drug prices, where the HHS can earn a significant amount of money,” he said.

However, the total cost of the Congress’s budget department is higher than $ 3.8 trillion. Next year, he admitted the budget deficit, and even in an optimistic scenario, even exceeded 3% of the GDP target.

“We did not come here in one night, we will not go there tomorrow.” “What I speak is something with three to him until 2028.”

Bessent optimistic after new commerce deals in the next two weeks

The Treasury Secretary has personal responsibility for the leading trade talks with the US Trade Representative Jamie Grierson. After the so-called “mutual” tariffs hit a break over the taxes, not import duties promised by the goods, not shortages, nuskaker 90 Deals in 90 days. So far, the Prime Minister of the United Kingdom Keir Sarker has a few because experts are criticized Features to features.

It is more on the way according to the Treasury Secretary.

“We have 18 important trading partners, so everyone should really focus on,” he said. “We have an agreement with the United Kingdom, the meaning will announce several great deals in a few weeks.”

Germany’s EU will play a key role in trade conflict

It seems like the European Union, except for this. The White House, in the beginning of the next month, has unilaterally announced that 50% tariffs will be received in all imported goods, and expressed clear frustration of Brussels. This level is 20% that claims Trump to be fair and mutually interchangeable and comes in a good way to end the 90-day break in early July. (After telephone conversations with European Commission President Ursula Von Der Leyen Trump postponed this 50% tariff Until June 9)

The main actor in the conflict is a large exporter, which is a great deal of exporter to the US market. The relations between Trump and the government in Berlin were traditionally very weak – the president was not helped by JD VancefragileState to extinguish in FebruaryrightNationalist Afd Party.

Bessent hit an optimistic tone, but praised a German counterpartMeeting this weekIn the G7 meeting in Canada, the new Finance Minister Larlingbeil.

“It was very sensitive. I think I intend to give a chance to reset New Chancellor, Merz, US-Germany, so I am probably very optimistic that Germany can help push the EU forward.”

Sustainable high treasury productivity

Bessent returned to the concept of foreign investors lost appetite for our state treasures The final increase in debt costs is a wider trend of tendency required for government bonds affecting other countries, Including Japan.

The administration claims that the vocal support for digital assets, the United States may require the sovereign debt, which can increase the supply of $ 2 trillion in the supply of stablecoin using treasures.

Additional relief may come this summer, said that federal reserve is expected to assess changes in the so-called financial regulators, currency and federal deposit insurance. The SLR is minimum of 3% of the capital, regardless of all the lender, all lending, 5% of systematic institutes, risk profiles.

“Banks are punished for the holding of treasures,” he said.

Privatization of US Mortgage Giants Fannie Mae and Freddie Mac

Trump, recently pushed the idea of ​​shares floating in the previous state-funded institutions Fannie mae and Freddie Mac. Duo played a key role in the US housing market Guarantees about seven of the US $ 10 mortgage loans According to the National Realtors Association, banks extend to the hosts. Lehman’s brothers were seized several weeks ago, and both seized in September 2008 and nationalized to prevent further abolition.

Bessent, the administration’s tax and trade agenda will be aimed at the unique privatization of the leadership. According to him, the main condition said that the government could be owned in this way to prevent the spread of the spread of rashing loans between mortgage loans.

“There are several ways to do this and we are investigating it,” he said.

This story was first displayed Fortune.com

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