Tue, May 6, 2025
Mon, May 5, 2025

Treasury Secretary touts 'Golden Age economy' in Milken speech but says little on tariffs

Scott Bessent predicted that "trading relations will be stronger" but largely avoided the topic of tariffs in an on-stage speech.

In an article published on May 5, 2025, by Fortune, Bessent and Milken discuss the implications of tariffs on the U.S. economy. They argue that while tariffs can protect domestic industries, they also risk increasing costs for consumers and potentially sparking trade wars. Bessent emphasizes the need for a balanced approach, suggesting that targeted tariffs could be beneficial if used strategically to counter unfair trade practices. Milken, on the other hand, warns of the broader economic repercussions, highlighting how tariffs could hinder global trade and economic growth. Both experts agree that any tariff policy should be carefully considered to avoid negative long-term effects on the economy.

Read the Full Fortune Article at:
https://fortune.com/2025/05/05/bessent-milken-tariffs/


Similar Travel and Leisure Publications