Scott Bessent's Economic Vision

Scott Bessent, Donald Trump's nominee for the Treasury Department, proposes a plan for a global economic reordering. He advocates for heavy tariffs on trade partners such as Canada, Mexico, and China, alongside extending tax cuts to stimulate economic growth. Bessent's approach includes what he calls '3-3' policies aimed at drastically reducing the federal budget deficit, increasing GDP growth, and ramping up oil production. Critics argue that such plans may disproportionately affect the working class through budget cuts in essential services while primarily benefiting the wealthy, highlighting the potential for class conflict.