US Treasury Secretary Bessent says the US is experiencing a capex boom, which always leads to an employment boom. The narrative of EU nations discussing selling USTs is false; there is no talk of this, it is mis-reporting.

On trade:

• Says the worst thing countries can do is heighten trade tension with the US.
• The narrative of EU nations discussing selling USTs is false. There is no talk of this, it is mis-reporting.
• Swiss-US agreement is well along the road.
• On EU-US relations, says there is no need to jump to the worst case scenario at this point. Reminds that trade ties have been strained before, and it worked out. Is confident that leaders will not escalate and that it will work out. 

On Economy:

• Expects economic growth to be strong this year, at around 4-5% real GDP growth.
• They will see substantial refunds of up to USD 1000 per worker in Q1.