Investing.com -- U.S. Treasury Secretary Scott Bessent, on Monday, underscored President Donald Trump’s economic agenda, consisting of tariffs, tax cuts, and deregulation, as a combined strategy to stimulate long-term investment in the U.S. economy. Bessent also noted that the U.S. financial markets have the resilience to withstand any short-term volatility.

In his prepared statement for the Milken Institute Global Conference in Los Angeles, Bessent strongly defended Trump’s tariffs. At the same time, he underscored the Republican tax bill currently being considered by Congress. He noted that the bill would solidify many elements of Trump’s first-term tax cuts, including a tax deduction for small businesses.

Bessent further explained that the main elements of Trump’s economic agenda - trade, tax cuts, and deregulation - are not independent policies. Instead, they are interconnected components of a mechanism aimed at driving long-term investment in the American economy.

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