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US Economy Shows Promise with Growth Projections Up to 3.5%

US Economy Shows Promise with Growth Projections Up to 3.5%

Post by : Bianca Haleem

US Treasury Secretary Scott Bessent has shared a confident outlook on the American economy, emphasizing its strong fundamentals despite global challenges.

During an event organized by The Wall Street Journal in Washington, Bessent remarked that the US economy is poised for impressive growth, with an expansion rate anticipated to exceed 3 percent and possibly hit 3.5 percent this year.

He also discussed recent trade policy updates, mentioning that the US may soon lower tariffs imposed on various nations. Bessent indicated these tariffs might be reinstated to prior levels by July, contingent on forthcoming policy changes.

This statement comes on the heels of a Supreme Court ruling in February, which determined that former President Donald Trump had overstepped his authority by leveraging emergency powers to impose extensive tariffs.

The ruling paves the way for possible policy changes that could reduce trade friction and further bolster economic growth in the near future.

April 15, 2026 11:21 a.m. 1348
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