Treasury Secretary Scott Bessent credited President Donald Trump’s policies for the U.S. economy’s unexpected second-quarter growth, telling attendees at a Breitbart News policy event that more prosperity is on the way. Bessent’s remarks followed Commerce Department data showing a robust 3% GDP growth rate in Q2 2025, surpassing economist forecasts and signaling renewed momentum.
Speaking with Breitbart News Washington Bureau Chief Matthew Boyle, Bessent dismissed critics of Trump’s economic and tariff policies, stating that the results speak for themselves. “I was trying to explain to people who panicked on April 2nd—we’re doing peace deals, trade deals, tax deals, they are all coming together,” he said.
April 2 marked what President Trump dubbed “Liberation Day,” when his administration launched a sweeping tariff regime aimed at reshoring American manufacturing and correcting trade imbalances. Detractors warned of economic turbulence, but Bessent described those fears as “disinformation” and “whataboutism.”
Trump echoed that sentiment days later, writing, “Don’t be a PANICAN… Be Strong, Courageous, and Patient, and GREATNESS will be the result!”
Bessent also praised the positive market impact of the administration’s comprehensive economic bill, often referred to as the “Big Beautiful Bill.” He emphasized the bill’s long-term benefits in restoring economic confidence: “The permanence of that is the confidence it is going to build.”
Looking ahead, Bessent predicted even stronger growth through the rest of the year. He drew comparisons to the 1990s boom, fueled in part by a projected rise in artificial intelligence investment. “We’re also seeing about one percent of GDP in AI spending by the hyperscalers,” Bessent noted, envisioning a productivity surge that could drive non-inflationary growth for years.
“We’re just going to accelerate third, fourth quarter,” Bessent said. Quoting Al Jolson, he added: “You ain’t seen nothing yet.”
