Financial leaders urge quick action on Trump’s trade initiatives — Bloomberg

US Treasury Secretary Scott Bessent laid out President Trump's trade policy to Wall Street representatives, comparing tariffs, tax reforms, and deregulation to “interlocking parts of an engine” designed to strengthen the nation's global position. However, the official’s assurances about the strategy’s thorough planning were met with skepticism from financial leaders at the Milken Institute Global Conference, Bloomberg reports.

Major investors, including executives from KKR, Citigroup, and Carlyle Group, have acknowledged the need for trade reforms and called for swift action. Conference participants argued that the current uncertainty is stifling corporate investment. While Apollo Global's CEO Marc Rowan backed the administration's objectives, he cautioned that a disorderly implementation could damage America's reputation as a reliable business partner.

IMF Managing Director Kristalina Georgieva believes the transformation of global trade will present numerous challenges and require significant commitments from the international community.