News

Bessent Demurs on Trump’s Claim of Trade Talks With China’s Xi
The Treasury secretary said that the President Trump and Xi Jinping of China have a good relationship but that he was not ...
Bessent does not back up Trump on China tariff discussions
Trump's erratic, and often confusing, rollout of tariffs has led to unprecedented market volatility and serious damage to ...
Bessent believes China impasse over tariffs will de-escalate
Treasury Secretary Scott Bessent told an investor summit Tuesday that he expects the tariff war between the U.S. and China ...
Bessent says IMF and World Bank need reform and there’s an ‘opportunity for a big deal’ with China
Treasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain ...
Scott Bessent says China must move away from export overcapacity and American overreliance: ‘Everyone knows it needs to change’
Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said, “America first ...
US Treasury's Bessent urges Asian Development Bank to move towards ending China loans
U.S. Treasury Secretary Scott Bessent urged Asian Development Bank President Masato Kanda to take concrete steps towards ...
US Treasury chief calls tariff war with China unsustainable and expects it to ease
Negotiations with Beijing have yet to start, Scott Bessent adds, voicing belief in a possible deal as markets surge on report ...