According to a report by Jin10 on May 6, U.S. Treasury Secretary Basant stated at the Milken Institute Global Conference that the United States remains the preferred destination for global capital. He expects that through the Trump administration's tax cuts and deregulation policies, U.S. GDP is likely to reach a growth level of 3% next year. Basant emphasized that although negotiations with trade partners are "not always pleasant" at the moment, they will ultimately strengthen trade relations, and the government is "very close" to reaching some trade agreements. He also mentioned that he will follow the 10-year U.S. Treasury yield and is committed to eliminating the credit risks of the U.S. government.