Bessent supports Trump’s ‘economic adjustments’
Treasury Secretary Scott Bescent offered a defense of what he describes as Trump’s “economic rebalance” in an opinion piece published on Sunday as worries grow about the state of the economy. In the Wall Street Journal, Bescent mentioned that the president is focused on making sure “working families are not left behind in the next […]
Is Your Social Security Payment in Danger? Bessent Hints at Tax Changes That May Affect Retirees – LKO Uniexam.in
Are your Social Security Checks in danger? In 2025, Treasury Secretary Scott Bessent proposed an ambitious plan to change how Social Security benefits are taxed. This initiative could greatly affect millions of retirees. His aim is to eliminate federal income tax on Social Security benefits, which has stirred a mix of optimism and concern. While […]
Bessent says US will weigh China’s failure on ‘phase one’ trade deal
Treasury Secretary Scott Bescent is debating the possibility of bringing trade contracts and manufacturing back to the country in “Kudrow.” Treasury Secretary Scott Bescent said he would take into account the lack of compliance with the trade contract from his first term when the Trump administration finalized China's new trade contract on Tuesday. Bescent was […]
Treasury Secretary Bessent says ‘it’s up to China’ to de-escalate trade war
The Treasury Department on Monday indicated that elimination of the trade war over President Trump’s strict tariff rates must come from China. “They sell five times more than we sell to them, so I believe it is up to China to deescalate. Investors and businesses want to quickly lower the strict 145% tax on Chinese […]
Mr Yen says Completely untrue about media report that Bessent said stronger yen preferable – Forexlive
High risk warning: Forex trading has a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding on Forex trading, carefully consider your investment goals, experience level and risk tolerance. You could lose your initial investment. Don’t invest money you can’t afford to lose. […]
Bessent Uncertain if Trump and Xi Have Discussed Trade Talks
Treasury Secretary Scott Bescent stated on Sunday that he is unsure if President Trump and Chinese President Xi Jinping recently engaged in discussions regarding tariffs or initiated informal trade negotiations. In an interview on ABC News “This Week,” Martha Radaz questioned the Treasury Secretary about a statement from Trump that appeared contradictory, indicating he had […]
Scott Bessent Says Growing Recession Fears Are ‘Media Driven’
Treasury Secretary Scott Bescent said Sunday that the horrors of the growing recession among the American people were largely “media-driven.” Bescent disputes recent headlines claiming the Dow Jones industrial average has been heading towards its worst in April since 1932, saying the stock market is bounced back after a massive drop at the beginning of […]
Bessent Tells China to Change or Be Changed
Bessent: China’s tariffs will stay until reform begins Secretary of the Treasury Scott Bescent This morning I stood in front of the International Institute of Finance and gave a speech that should be remembered as a turning point in US economic diplomacy. The media focused on his criticism of the IMF and the World Bank, […]
Bessent says India will be first to make deal avoiding Trump tariffs — while China is ‘put to the side’
WASHINGTON – The Treasury Department of Scott Bescent said Wednesday it hopes India will attack the first bilateral trade agreement to avoid Trump’s “mutual” tariff lawsuit. Bescent told a roundtable of around 12 reporters that it was “very close” to reaching a successful conclusion of trade talks with India, as the world’s most populous country […]
US has ‘opportunity for a big deal’ with China: Bessent
Treasury Secretary Scott Bescent said Wednesday there is an opportunity to trade with China by softening the Trump administration’s trade stance that has led to huge market rallies over the past two days. “There’s a great opportunity here,” he said. Such transactions are based on an increase in domestic production in the US and a […]