Treasury Secretary Bessent spoke at the Milken Institute Global Conference and said the Trump administration's policies, including tax cuts and deregulation, will spur economic growth.

Elon Musk reportedly got into a heated exchange with Treasury Secretary Scott Bessent, marking the latest display of infighting within the Trump administration.

Scott Bessent told finance leaders that “America first does not mean America alone” in a bid to heal the worldwide rifts caused by Donald Trump’s first 100 days in office. The treasury secretary said Tuesday that the president was not a “trained diplomat” but was simply looking for a “beautiful rebalancing” of world trade after his chaotic tariffs sparked tumult on Wall Street and left the United States increasingly isolated.