Bessent, Scott
US Treasury Secretary Scott Bessent on Thursday defended President Donald Trump's decision to immediately resume nuclear weapons testing for the first time in 33 years, saying it was crucial to help America "certainly catch up" with China. Bessent noted that the US is lagging behind China
Bessent, Scott
US Treasury Secretary Scott Bessent on Thursday defended President Donald Trump's decision to immediately resume nuclear weapons testing for the first time in 33 years, saying it was crucial to help America "certainly catch up" with China. Bessent noted that the US is lagging behind China
Agricultural products
The trade truce between the United States and China has brought a financial lifeline to American soybean farmers, who were worried that an extended Chinese boycott would put them out of business. According to President Trump, China has authorized buyers to resume purchasing "massive amounts" of soybeans, sorghum,
Bessent, Scott
In a major breakthrough in the ongoing trade tensions between the US and China, both nations have reached a framework agreement to avoid the threatened 100% tariffs on Chinese imports. The agreement, announced by US Treasury Secretary Scott Bessent, includes progress on rare earth minerals, soy trade, and TikTok restructuring.
Bessent, Scott
US and Chinese officials agreed on the framework for a trade agreement, paving the way for a meeting between US President Donald Trump and Chinese President Xi Jinping, with the two leaders expected to discuss key issues such as trade expansion, fentanyl, and rare earth minerals. The agreement comes as
Bessent, Scott
Treasury Secretary Scott Bessent's unconventional move to bail out Argentina with a $20 billion lifeline has sparked worries that the United States could lose money on the investment. As a high-stakes bet, Bessent is wagering that the peso, currently in decline, is undervalued. If he is right, the
Bessent, Scott
Treasury Secretary Scott Bessent's unconventional move to bail out Argentina with a $20 billion lifeline has sparked worries that the United States could lose money on the investment. As a high-stakes bet, Bessent is wagering that the peso, currently in decline, is undervalued. If he is right, the
Bessent, Scott
Treasury Secretary Scott Bessent's unconventional move to bail out Argentina with a $20 billion lifeline has sparked worries that the United States could lose money on the investment. As a high-stakes bet, Bessent is wagering that the peso, currently in decline, is undervalued. If he is right, the
Bessent, Scott
As the Trump-Republican shutdown enters its third week, Congresswoman Maxine Waters, ranking member of the House Financial Services Committee, has released a fact sheet highlighting the Administration's deal to bail out the government of Argentina, which she immediately blasted. The fact sheet reveals that the United States government
Bessent, Scott
The ongoing two-week-old federal government shutdown is taking a heavy toll on the US economy, with a Treasury official estimating that the shutdown may cost as much as $15 billion a week in lost output. This estimate came after Treasury Secretary Scott Bessent initially stated that the cost could be
Bessent, Scott
US President Donald Trump is set to meet with Chinese President Xi Jinping in South Korea later this month, despite tensions over trade and China's export controls on rare earths. The meeting was confirmed by Treasury Secretary Scott Bessent during a Fox Business interview. Bessent stated that there
Bessent, Scott
US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer made an urgent appeal to allies to unite against China's new export controls on rare earth elements, warning that implementation in December could lead to global economic isolation. Bessent stated that China has proven to be an
