Global Economic Collaboration Emphasized by US Treasury Secretary

In a significant address at the Institute of International Finance (IIF), United States Treasury Secretary Scott Bessent clarified the 'America First' policy, stating it aims for fairness in international trade rather than isolation. "America first doesn't mean America alone," Bessent emphasized, highlighting the administration's desire for deeper collaboration and mutual respect among trade partners.

Rebalancing Global Commerce

Bessent detailed efforts by the US to rebalance global commerce, ensuring a level playing field for all nations. He stressed the importance of reforming international financial institutions like the International Monetary Fund (IMF) and the World Bank to enhance their effectiveness and efficiency in today's dynamic global economy.