Bessent dismisses 2026 recession fears, credits Trump’s trade agenda
Treasury Secretary Scott Bessent has shared an optimistic outlook on the US economy, dismissing fears of a recession in 2026. He pointed to Republican policies and President Trump’s trade agenda as key drivers of growth. However, his comments also touched on economic pressures and political tensions at home and abroad.
Bessent highlighted the GOP’s domestic policy package and Trump’s tariff plans as reasons for confidence in 2026. He argued these measures would ease financial strain for Americans, particularly through lower healthcare costs expected from upcoming administration announcements.
Bessent’s remarks paint a picture of economic recovery hinging on Trump’s trade policies while downplaying recession risks. His support for the Russia-Ukraine peace plan and criticism of Democratic lawmakers add to ongoing political divisions. The coming months will show whether his predictions on healthcare costs and tariff relief materialise.
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