Trump's Treasury Secretary nominee: The U.S. should cautiously implement sanctions, and Trump has the opportunity to unleash a "new economic golden age."

ChainCatcher news, according to Jinshi reports, Trump's Treasury Secretary nominee Scott Basset stated in his Senate testimony preparations that the U.S. must ensure supply chain security and prioritize effective investments that promote economic growth rather than wasteful spending. He also emphasized that the U.S. should exercise caution in implementing sanctions and mentioned that Trump has the opportunity to unleash "a new economic golden age," creating more jobs and wealth for Americans.

However, according to Politico, Democrats are circulating a memo accusing Basset of improperly declaring nearly $2 million in tax losses and owing nearly $1 million in taxes related to his hedge fund.