Treasury Secretary Scott Bessent delivered an expansive vindication of the Trump administration’s economic record on Wednesday, arguing that a combination of tariffs, tax cuts, and deregulation had produced what he called a “historic turnaround” after years of malaise under President Biden.
Speaking to business leaders at the Economic Club of Minnesota, Bessent laid out a vision of an economy revitalized by strategic government intervention in trade, sweeping changes to the tax code, and a sharp pivot away from regulations he said had stifled entrepreneurship and innovation.
The speech represented one of the most comprehensive articulations to…
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