American families are reaping the benefits of @POTUS’ pro-growth tax policies. This past filing season, the average tax refund reached over $3,400, thanks to the Working Families Tax Cuts. American taxpayers are keeping more of their hard-earned income, strengthening household finances and giving families greater confidence to save, invest, and plan for the future.

Today, I had a productive call with Japanese Finance Minister Satsuki Katayama. Our conversation built on President Trump’s discussion with Prime Minister Sanae Takaichi earlier this week and reflected the strength of the U.S.–Japan partnership. We discussed the desirability of a strong yen that reflects Japan’s strong economic fundamentals, and the importance of staying in close communication on currency markets.

Economic growth accelerates when businesses are able to invest, innovate, and compete rather than navigate unnecessary bureaucracy. Under @POTUS, 129 regulations have been eliminated for every new rule introduced. By reducing red tape, the Trump Administration has created an environment where businesses can expand, hire, and invest in the American economy.

The private sector is driving America’s economic resurgence. Since January 2025, more than one million private-sector jobs have been created while the federal workforce has been reduced to its lowest levels since the 1960s. At the same time, more than 1.3 million additional native-born Americans are working. These are the hallmarks of an economy powered by investment, opportunity, and the American worker.

Today in Washington, Vice Premier He Lifeng and I held substantive discussions on the U.S.-China economic relationship ahead of President Trump’s meeting with President Xi. Our discussions continued to focus on securing meaningful commitments that protect American workers, farmers, and businesses while advancing U.S. economic and national security interests.

America’s economic success depends on translating investment into productive capacity, good-paying jobs, and long-term growth. The construction boom we are seeing across the nation is laying the foundation for a manufacturing resurgence as we bring more jobs back from overseas. In fact, manufacturing employment has surged by nearly 58,000 jobs this year, while goods-producing industries have added 150,000 jobs. America is rebuilding the industrial base that will power our economy and secure our sovereignty.

.@POTUS’ pro-growth agenda is restoring purchasing power for working families. As wages continue to outpace inflation, real weekly earnings for blue-collar manufacturing workers have risen 4.1%, while blue-collar construction workers have seen a 5% increase since January 2025. Rising real wages remain one of the clearest signs that Americans are finally gaining ground after historic inflation under Biden’s reckless tax and spend policies.

In New York City, Vice Premier He Lifeng and I are continuing our discussions on the U.S.-China economic and trade relationship ahead of @POTUS’ historic summit with President Xi in Washington. These talks help lay the groundwork for President Trump to advance America’s economic interests and deliver results for the American people.

Great to welcome @jakepaul to the Treasury Department today. Jake’s path from content creator to entrepreneur and professional boxer is a distinctly American story. 🇺🇸🇺🇸🇺🇸

Today’s designations of Iranian digital asset infrastructure make perfectly clear that efforts to finance the Iranian regime using cryptocurrencies are not beyond OFAC’s reach. If you support the Iranian regime, the Department of the Treasury will sanction you.

$82 billion. That is how much tax relief American families and workers claimed through this filing season under @POTUS’ Working Families Tax Cuts. The overwhelming majority of that relief went to households earning less than $200,000. This administration is ensuring that Promises Made are Promises Kept.

Under @POTUS, the private sector has created over 1 million jobs. Real wages are outpacing inflation. The bottom 25 percent of wage earners are seeing larger wage increases than those at the top. And the Working Families Tax Cuts has delivered the largest share of tax relief directly to millions of low- and middle-income Americans.

Under Operation Economic Outcast, Treasury will continue to target and disrupt those who provide material, technological, or financial support that allows the Iranian regime to sustain its terrorist enterprise. Treasury will not tolerate any support to the regime and will continue to identify, expose, and isolate Iran’s enablers.

I’ve said many times that the CLARITY Act is essential to ensuring America wins the global race for new technology. That’s the reason Congress passed the GENIUS Act: to ensure that stablecoin infrastructure, a revolutionary financial technology, will be built in America. Ensuring that America’s community bank sector continues to thrive has been a constant focus of mine since day one. And the administration’s dual focus on enabling new digital technology to flourish and appropriately tailoring community bank regulation is key to both sectors driving U.S. economic growth together over the next several decades. The final draft of the CLARITY Act furthers this mission. It gives the Secretary of the Treasury additional authority to act if the facts around deposit flight change to the detriment of community banks. If stablecoins cause harm to community banks, I will not hesitate to use these tools to ensure they remain fully protected. Community banks are essential to U.S. economic performance and Main Street growth. Economic security is national security, and community banks play a major role in this principle.

Twenty-five years ago, 2,977 innocent souls perished on September 11th. Few anniversaries in the life of a nation carry the weight of this one. Today, we remember the lives we lost, the families who have carried the anguish of that morning across a quarter-century, and the first responders whose courage revealed the very best of our country in its darkest hour. Today, we also remember the terrible cost of underestimating those who loathe our way of life and the barbarity they would unleash against it. At @USTreasury, we honor the thousands of victims we lost not by memory alone, but vigilance. By ensuring that those who threaten the United States find no sanctuary in the financial system. By nightfall on 9/11, Treasury had begun 24/7 operations to uncover, disrupt, and dismantle the financial networks that sustain terrorism. It hasn’t stopped working to protect the American people since. To continue the work that began the moment those towers fell. To remember what hatred is capable of—and to deny those consumed by it the means to ever inflict such evil again.

Today marks one year since the assassination of my friend, Charlie Kirk. Charlie’s life was defined by conviction, courage, and an abiding love of country. He inspired a generation of Americans to engage in the work of preserving our nation's founding principles of faith and freedom. May we honor Charlie’s memory by carrying forward the causes to which he devoted his life.

By identifying and reporting this suspicious activity, financial institutions have given law enforcement critical insight into the illicit actors who deliberately exploit U.S. health care benefits programs. Treasury will continue working alongside our law enforcement partners to disrupt fraud wherever it occurs, protect Americans, and safeguard the integrity of taxpayer-funded programs.

In July, I called on the Senate to advance the Clarity Act — a bill to establish a comprehensive regulatory framework for digital assets and upgrade our ability to prevent bad actors from exploiting these critical technologies. When the Senate returns from August recess, I strongly urge everyone to remain at the negotiating table, agree to the motion to proceed, and continue the legislative process. Failing to do so would send a troubling signal to our allies and adversaries alike that America is unwilling to lead on the future of digital assets and willing to forgo enhanced national security tools to combat their misuse.

Scam centers in Southeast Asia steal billions of dollars from American victims each year. The Trump Administration is united in its efforts to dismantle these overseas criminal enterprises, and Treasury will continue using its tools to disrupt the networks behind this egregious fraud and protect Americans.