Odaily News U.S. Treasury Secretary Jeffrey Bessant said at the Milken Institute Global Conference that the United States remains the preferred destination for global capital. He expects that through the Trump administration's tax cuts, deregulation and other policies, the U.S. GDP is expected to grow by 3% next year.
Bessent stressed that although the current negotiations with trading partners are "not always pleasant", they will eventually strengthen trade relations and the government is "very close" to reaching some trade agreements. He also said that he will pay attention to the 10-year US Treasury yield and work to eliminate the credit risk of the US government. (Jinshi)