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Treasury Secretary Scott Bessent opening the conference by saying tariffs, tax cuts and deregulation are “interlocking parts of an engine.”

“This what the Trump administration’s America First agenda of tariffs, deregulation, tax cuts and domestic energy is focused on unleashing — not cheap Chinese toys.”

Amazon founder Jeff Bezos, who privately owns the Washington Post, met with Trump after the election and has praised his push for deregulation and lower taxes.

“And then there’s going to be nothing to stop them from rinse, wash, repeat this again for immigration policy, environmental deregulation — you name it.”

Many of America’s billionaires and millionaires thought they knew how they would profit from a second Trump term: There would be tax cuts and deregulation and an end to bothersome government investigations.