Treasury Secretary Bessent says America’s dream is not about ‘cheap goods access’

Treasury Secretary Scott Bessent offered a full triple protection of the position of the White House on Thursday, the fact that the trade policy is more than buying only low-valued items from other countries.

“The input of the cheapest goods is not the essence of American dream,” he said that Bessent in the event of New York’s economic club. “Any American dream is rooted in the concept of welfare, upward mobility and economic security. The designers of multilateral trade deals have lost the view of this.”

The words came aside how many President Donald Trump’s goals in the Global Trade will go to Donald Trump. Shares fell sharply on Thursday Despite the news about some actions from management in Mexico imports.

In a speech surrendered to the crowd of leading economists, Trump said he was ready to take strong measures to achieve their trade goals.

“Another country will respond to our economy and people and the United States to meet our economy. This is the first trade policy.”

At the beginning of the day, Trading Department Information He stressed that the United States is behind global trading partners. In January, a record in January, a record increases by $ 131.4 billion, the 34% increase in the previous month and a year ago.

“This system is not sustainable,” he said.

Economists and market participants are concerned that Trump tariffs Will raise their prices and slow growth. However, white housewives show that the tariffs, Trump’s inflation has a blockage of blockage potential to re-growth potential to pay the tasks of companies.

“I don’t worry about inflation in a break,” Bessent said. He added that the tariffs consider three benefits: US fields and employees are a source of income as a source of income with “third leg” for the third leg “third leg” for the third leg “third leg”.

Thursday’s conversation was hosted by the head of the National Economic Council Larry Kudlow in the first term of Trump.

In addition to discussing the tariffs, the two are talking about the regulation, but also the government’s mutual debt and deficit. The budget is over $ 840 billion in the hole In Finance 2025, only in the first four-month-old in 2025, 6% in 2025, 6%, 6%, a level in the peace-loving economy.

“It’s the last chance stick to do this,” he said, “about applying financial discipline. “Everyone knows what they need to do. Is there any will to do this?”

Bessent, especially for smaller institutions, said that the bank rules are loaded with rules, especially not to help safety.

As Bessent speaks, Wall Street was added to the loss of those in a difficult week.

“Wall Street’s great, Wall Street can continue to do good. But this management is due to the main street,” he said.