Confidence and Momentum Return to the US Economy

In a recent interview with Breitbart News, United States Treasury Secretary Scott Bessent highlighted the significant 3% annual growth in the country's gross domestic product (GDP) during the second quarter as a clear indicator of returning confidence and momentum to the US economy.

Underlying Fundamentals and Policies

"As I was trying to explain to people who panicked on April 2, we're doing peace deals, trade deals, tax deals, and they're all coming together, and a lot of it is just confidence and momentum coming back," Bessent explained. He praised the underlying fundamentals and the policies implemented by President Donald Trump, expressing optimism for further acceleration in the upcoming quarters.

Trade Negotiations with China

Bessent also shared insights on the recent trade negotiations with China in Stockholm, stating that the Chinese delegation was "on its heels" due to global support for the US stance. "The world is with us now," he added, underscoring the strength of the US position in these discussions.