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Fortune
Fortune
Irina Ivanova

'Cheap goods' aren’t part of the American Dream, Trump's treasury secretary says

Scott Bessent gestures while holding a microphone (Credit: Getty Images)
  • Donald Trump won the 2024 election, in large part, on a promise to bring down consumers’ cost of living. But with the president now waging a high-stakes tariff campaign, his Treasury secretary tells Americans cheap goods are “not the essence of the American Dream.” 

President Donald Trump’s vision to “make America great again” hinges on many quality-of-life improvements. From building “the safest and wealthiest and healthiest and most vital communities anywhere in the world” to recreating the golden age of infrastructure development, Trump’s pitch to Congress and the media aims to revive a particular vision of the American Dream. 

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