Americans
US Treasury Secretary Scott Bessent defended President Trump's tariffs policy, stating that they are not taxes on Americans, despite concerns from major American companies and growing evidence of their negative impact on the economy. In a new interview, Bessent dismissed the concerns of companies like John Deere, Nike,
Bessent, Scott
US Treasury Secretary Scott Bessent has accused India of profiteering by purchasing Russian energy cheaply and reselling refined energy products in global markets. This comes as a response to Washington's decision not to punish China for similar trade with Russia. Bessent defended the decision, stating that China'
Bessent, Scott
US Treasury Secretary Scott Bessent expressed his satisfaction with the current tariff arrangement between the US and China, stating that the status quo is "working pretty well" despite ongoing trade tensions. In a separate interview, Bessent criticized India's role in reselling Russian oil, claiming that Indian
Bessent, Scott
The weekend brought a collective sigh of relief to the world as major trade adversaries, the United States and China, announced a significant de-escalation in their tariff war. The United States, under President Donald Trump, withheld its 90-day suspension of a 30% tariff on Chinese exports, while China responded with
Bessent, Scott
China agreed to meet with the Trump administration to discuss trade, signaling a softening of its stance in the ongoing trade dispute. The meeting, set to take place in Switzerland, will reportedly focus on de-escalation rather than a major deal. Despite the indication of a willingness to engage in talks,
Bessent, Scott
US Treasury Secretary Scott Bessent said in a private meeting that while talks with Beijing haven't begun, both sides know the current situation is unsustainable and a de-escalation is expected in the "very near future" that will provide a "sigh of relief" for markets.
