Bessent aims to de-escalate China trade war: ‘The current status quo is unsustainable’
Treasury Secretary Scott Bescent said the current state of the US trade war with China is “unsustainable” and informs support for de-expansion between the two countries. When asked whether China’s tariffs would collapse, Bescent told reporters during a media roundtable Wednesday that “both sides believe the current situation is unsustainable.” The US imposes a 145% […]
Treasury Secretary Scott Bessent blasts the IMF’s woke ‘mission creep’
Treasury Secretary Scott Bescent tore the International Monetary Fund on Wednesday. Speaking at the International Financial Institute in Washington, DC, Bessent denounced the IMF for “mission of mission creep” and argued that “dedicates disproportionate time and resources to tackle climate change, gender and social issues.” “Focusing on these areas is to congested work on important […]
Bessent: There’s an opportunity for a ‘big deal’ with China
EJ Antoni, senior fellow at Unleash Prosperity, will discuss trade negotiations with China at Varney & Co. Treasury Secretary Scott Bescent on Wednesday said “big things” with China could potentially lower tariffs if Beijing is willing to take steps to restore the economy. Bessent gave a keynote speech at the International Institute for Finance (IIF) […]
Bessent believes China impasse over tariffs will be de-escalated
The Big Money Show panel examines the impact of tariffs on China amid trade uncertainty. Treasury Secretary Scott Bessent said at Investor Summit on Tuesday that Fox Business has learned that the US and China are expected to rule out a deadlock on tariffs as it is unsustainable for both countries. Bessent said negotiations have […]
Acting IRS commissioner replaced after Bessent, Musk spar: Reports
IRS Commissioner Gary Shapley has left the agency amid discrepancies between Treasury Secretary Scott Bescent and Presidential Advisor Elon Musk, multiple media outlets reported Friday. The exile comes after a complaint from Bescent to President Trump about Shapley’s appointment made without Bescent’s approval at the request of a mask. The New York Times reported. Shapley […]
Scott Bessent says White House will start interviewing Fed chair candidates this fall
Treasury Secretary Scott Bescent said Monday that the White House will begin interviewing candidates this fall, replacing Federal Reserve Chairman Jerome Powell, whose term ends in May 2026. Bessent spoke to Bloomberg TV during his visit to Argentina, and said it would give the Trump administration about six months’ lead time before Powell resigned. He […]
Scott Bessent issues a warning to China over currency moves
Treasury Secretary Scott Bessent has responded to China's 84% tariffs on US goods, the state of the Chinese economy, and the potential backup plans for corporate America are closed in light of tariffs. Treasury Secretary Scott Bescent said Wednesday that there was no systemic problem in the bond market in his interpretation in the sector, […]
Treasury Sec Bessent says Trump admin focusing on Main Street
Treasury Secretary Scott Becent gave a keynote address to the American Bankers Association, saying the Trump administration is focusing on Main Street rather than Wall Street to restore American dreams. Treasury Secretary Scott Bescent said despite the success of Wall Street in recent years. Trump administration I think Main Street is the turn to lead […]
Bessent moves to center of Trump world
Treasury Secretary Scott Bescent is on the stage for President Trump's role in the economic team and is now on the stage for the president's tariff plans. Bescent spearheaded a 90-day suspension on heavy tariffs on Trump's 90-day trading partners, temporarily calming the market amid increasing pressure from Wall Street for trade teams to shift […]
Bessent: China tariff retaliation 'a loser for them'
Treasury Secretary Scott Bescent said China's retaliation on Wednesday for the president's trade measures proved to be a poor choice. “They have the most disproportionate economy in modern world history, and you can tell you that this escalation is a loser to them.”Morning with Maria. ” “They have very clever economists, scholars, technocrats in bureaucracy. […]