United States Emphasizes Collaboration in Global Trade

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 economics rather than isolation. "America first doesn't mean America alone," Bessent remarked, highlighting the administration's desire for deeper partnerships.

Rebalancing Global Commerce

Bessent outlined efforts to rebalance global commerce, ensuring a level playing field for all nations. He stressed the importance of mutual respect and collaboration among trade partners to achieve sustainable economic growth.

Call for Reform in International Organizations

The Treasury Secretary also called for the International Monetary Fund (IMF) and the World Bank to enhance their efficiency and effectiveness. This move is seen as part of broader reforms to adapt to the changing global economic landscape.