Around 4:30 p.m. on Friday, Trump called Bessent at his Palm Beach hotel, telling him he was Trump’s choice. In his first interview following his selection, Bessent said his policy priority will be to deliver on Trump’s various tax-cut pledges. Bessent became one of Trump’s closest advisers by adding depth to his economic proposals and defending his plans for more activist trade policies. “We are going to have to have some kind of a grand global economic reordering," Bessent said at a June event. He criticized trade policy with China for enriching Wall Street, weakening domestic industrial might and failing to lead to Chinese economic reform.

Source: Wall Street Journal November 25, 2024 09:54 UTC