Larry Kudlow: Trump's Economic Policies and Unfair Trade

Treasury Secretary Besson on Trump's Economic Program

• 💡 Treasury Secretary Sat Besson highlighted the growthiness of President Trump's program in a speech to the Economic Club of New York.
• 🏦 Besson emphasized deregulation, particularly in banking, to support small business loans, contrasting it with perceived Biden-era policies.
• ⚠️ He criticized Fed Chair J. Pal's focus on DEI and ESG, and the disregard for community banks, noting that Trump appointee Mickey Bowman's potential role as Fed vice chair for bank supervision would be a relief.

Addressing Unfair Trade Practices

• 🎯 Besson defended President Trump's stance against unfair trading practices, currency manipulation, and intellectual property theft.
• 🇨🇦 Trump's decision to pause 25% tariffs on Mexico and Canada, granting a 30-day reprieve for USMCA, is discussed.
• 🤝 The importance of reciprocity in trade, as advocated by Trump, is stressed, with the World Trade Organization seen as unlikely to act.

Economic Growth and Policy Recommendations

• 💰 Besson expressed optimism that the King Dollar will continue, and satisfaction with falling bond rates.
• 📈 He supports Trump's proposed tax cuts, including extending 2017 cuts and eliminating taxes on tips, overtime, and senior benefits, aiming for sustained 3% growth.
• 🇺🇸 The need to reprivatize the American economy and end