PANews reported on January 16 that according to Jinshi, Trump's Treasury Secretary nominee Scott Bessant said in his prepared testimony to the Senate that the United States must ensure the security of the supply chain and prioritize effective investments that promote economic growth rather than wasteful spending. He also stressed that the United States should be cautious in imposing sanctions and said that Trump has the opportunity to unleash a "new economic golden age" to create more jobs and wealth for Americans.

But Democrats are circulating a memo accusing Bessant of improperly reporting nearly $2 million in tax losses and owing nearly $1 million in taxes related to his hedge fund, Politico reported.