Bessent chooses not to reveal which countries are nearing tariff agreements with the US.
Treasury Secretary Scott Bessent declined to specify on Wednesday which countries the US might establish trade deals with, despite earlier suggestions during his testimony. During a session of the House Financial Services Committee, Rep. Nydia Velázquez (D-N.Y.) pressed Bessent about his comments indicating that the US could soon announce agreements with certain partners. “Can you […]
Current updates: Bessent avoids specifics on trade agreements; Fed reveals interest rate decision
Treasury Secretary Scott Bescent is scheduled to return to Capitol Hill on Wednesday for a second day of testimony. His discussions will focus on the global financial system, coinciding with the Federal Reserve’s upcoming interest rate decisions and President Trump’s initiative to eliminate global tariffs. In the early months of his second term, Trump has […]
Bessent states that the US aims to maintain connections with China before meeting with the Chinese counterpart.
Secretary of the Treasury Scott Bescent and U.S. Trade Representative Jamieson Greer met with their Chinese counterparts in Switzerland over the weekend to address economic matters. This meeting marks an important initial step in trade discussions between the two nations, following President Donald Trump’s announcement about eliminating tariffs on what he called “Liberation Day.” In […]
US stocks fall as Bessent states there are no trade discussions with China, Trump mentions the US isn’t obligated to sign agreements.
The U.S. stock market saw declines on Tuesday, following Treasury Secretary Scott Bescent’s confirmation that trade discussions with China have yet to commence. President Trump later remarked that the U.S. “doesn’t have to sign” a trade agreement. The Dow Jones industrial average dropped by 389 points, or 1%, while the S&P 500 and NASDAQ saw […]
Bessent: The US has not started trade discussions with China yet
Treasury Secretary Scott Bescent informed lawmakers on Tuesday that the U.S. is not currently in trade negotiations with China, but he suggested that announcements regarding trade deals with other partners might be forthcoming soon. This statement follows comments from Trump last month, who suggested that discussions with China were occurring at various levels, although Chinese […]
Bessent highlights ‘very good offers’ for trading again, while the market remains indifferent and sells the US dollar
Beyoncé’s Tour and Trade Talk Beyoncé is currently touring, yet there appears to be a lack of enthusiasm. Tickets are priced at a modest $25, but many seats remain unfilled. At this point, it seems that people might be growing weary of the same old performances. Meanwhile, discussions surrounding Trump’s trade team continue, particularly regarding […]
Watch live as Bessent speaks on Treasury supervision amid growing economic challenges
Treasury Secretary Scott Bessent is set to appear before the House Appropriations Committee Tuesday morning. Recently, President Trump has shifted his perspective on the economy, suggesting that Americans might need to limit purchases and possibly pay more amidst an uncertain economic landscape. When questioned about a potential recession earlier this month, he remarked, “anything could […]
Scott Bessent advises Wall Street leaders who criticize tariffs to ‘never bet against America’ — even amid increasing concerns.
LOS ANGELES – Treasury Secretary Scott Bescent cautioned those critical of President Donald Trump’s contentious tariff strategy, stating that betting against America might not be wise. This comes amid growing concerns from major financial figures who worry that the trade conflicts have positioned the United States as “just an exception.” Speaking at the annual Milken […]
Bessent Encourages Investors to Support Trump’s Economic Strategy for ‘Industrial Prosperity’
In a sweeping address on Monday, Treasury Secretary Scott Bescent outlined the Trump administration’s economic strategy for the coming four years, urging global investors to join what he claims is a “new golden age” for American businesses. Speaking to a group of business leaders, investors, and policymakers at the Milken Institute’s global conference, Bescent presented […]
Trump sought a deal for Ukraine’s minerals to gain influence over Russia, says Bessent.
Last week, President Trump finalized a mineral contract and also engaged with Ukraine to strengthen its position against Russia in peace negotiations. In a keynote speech at the Milken Institute Global Conference in Los Angeles, Treasury Secretary Scott Bescent explained that the economic partnership was Trump’s initiative and aimed to bolster his negotiating power with […]