Bloomberg Talks Carlyle Group Co-Chairman David Rubenstein Talks Bessent, Tariffs
May 5, 2025
David Rubenstein shares insights from Scott Bessent's comments at the Milken Conference, highlighting investor concerns over tariffs and economic strategies. He explores how the business community toggles between optimism and caution regarding current policies. The discussion sheds light on the mixed feelings surrounding tax reforms and deregulation, as businesses navigate a changing political landscape. Expectations for successful economic strategies linger, all while uncertainty looms.
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Business Optimism Despite Tariffs
- The business community remains optimistic about the Trump administration despite tariff concerns.
- Confidence hinges on successful tax cuts and deregulation implementation.
Economic Strategy Elements
- Scott Bessent highlights the integration of tax cuts, deregulation, and tariffs into one economic strategy.
- Tariffs remain confusing, but tax cuts and deregulation offer clearer benefits.
Tax Cuts and Deficit Accounting
- The administration aims to make some tax cuts permanent without counting $4 trillion against the deficit.
- This accounting approach is unusual and its acceptance is uncertain.