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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