Treasury Pick Bessent Tells WSJ That Trump Tax Cuts Are Priority

Scott Bessent, who is Donald Trump’s pick for Treasury secretary, told the Wall Street Journal that he’ll focus on following through on the president-elect’s tax cut and tariff pledges once he takes office.

Putting tariffs in place and reducing spending will also be a focus, Bessent said, though he didn’t go into detail, according to the newspaper’s report. Trump has threatened to hit Chinese shipments with tariffs of 60%.

The veteran hedge fund manager added that he’ll work at “maintaining the status of the dollar as the world’s reserve currency,” according to the report.

Scott Bessent

Photographer: Stefani Reynolds/Bloomberg

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