President-elect Donald Trump has announced that he will nominate Scott Bessent, a prominent investor and CEO of Key Square Capital Management, to be Secretary of the Treasury.
President Trump: “I am very pleased to nominate Scott Bessent as the 79th Secretary of the United States Treasury.'' wrote in a statement True Social Friday Night. “Scott is widely respected as one of the world's leading international investors, geopolitical and economic strategists. Scott's story is the story of the American Dream.”
“Mr. Scott has long been a strong supporter of the America First Agenda,” the statement continues. “On the eve of our great nation's 250th anniversary, he announced America's new gold as we strengthen our position as the world's leading economy, center of innovation and entrepreneurship, and destination for capital. It will help usher in the coming of age and leave us with no doubts. We will continue to maintain the US dollar as the world's reserve currency.Unlike previous administrations, we intend to ensure that Americans are not left behind in the next greatest economic boom, and Scott and I He will lead that effort for great people.”
Bessent has been an outspoken supporter of President Trump's America First economic policy, particularly the use of tariffs to boost American industry. “Let's talk about tariffs. It's time to bring back Alexander Hamilton's favorite tool,” Bessent said in a recent op-ed on Fox News. explained The historical and practical importance of tariffs as a strategic economic tool.
Breitbart Economics Editor John Carney reports:
Mr. Bessent's extensive experience in global financial markets provides him with a deep understanding of international trade and currency trends. His views on tariffs and economic policy reflect a blend of historical acumen and modern financial acumen, making him a strong candidate for Treasury Secretary.
Perhaps most importantly, Bessent believes the Treasury secretary's primary job is to advance the president's policies. In a recent interview, he pointed to the strength of the economy during the first Trump administration as evidence that Trump has the right policy prescriptions for the U.S. economy.
“Mr. Bessent's recent public statements and writings suggest strong alignment with the incoming administration's economic priorities, particularly in the areas of trade policy and protection of domestic industry,” Carney added. Nominating him as Treasury secretary “would signal a strategic focus on leverage,” he said. Under President-elect Trump's leadership, we will strengthen tariffs and other economic tools to advance our national interests. ”
President Trump emphasized this in announcing Bessent's nomination, calling Bessent a “lifelong champion of America's Main Street and American industry” and “advancing American competitiveness and addressing unfair trade imbalances.” “I will support my policies that work to stop this and create an inequitable economy.” Put growth at the forefront, especially through future global energy domination. ”
