In a move that could shake markets, Treasury Secretary Scott Bessent announced that steep tariffs will resume on August 1 unless countries negotiate better terms. President Trump is sending letters to trading partners, urging swift action.
In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
In a significant move, the Trump administration has directed Republican lawmakers to eliminate the proposed 'revenge tax' targeting international firms. This decision follows an agreement with G7 nations to exempt U.S. companies from a global minimum tax, aimed at protecting American business interests and encouraging foreign investment.
Treasury Secretary Scott Bessent states Walmart may have to raise prices due to Trump's tariffs, despite the President's warnings to avoid doing so. As inflation concerns linger, Bessent downplays the impact on consumers.
In a recent interview, Treasury Secretary Scott Bessent downplayed inflation fears linked to Trump’s tariffs, emphasizing Walmart’s ability to absorb costs. He praised strategic uncertainty in trade negotiations while addressing concerns over rising consumer prices.
In a surprising turn of events, the US and China have reached a significant trade deal after two days of intense negotiations in Geneva. Treasury Secretary Scott Bessent announced 'substantial progress' and hinted at a possible resolution to the ongoing trade war. This agreement comes as both nations aim to stabilize their economic relationship and address the massive trade deficit.
Chinese Vice Premier He Lipeng meets U.S. Treasury Secretary Scott Bessent in Geneva to initiate trade discussions amid rising tariffs and economic tensions. Can this meeting pave the way for a resolution?
In a pivotal speech, Treasury Secretary Scott Bessent advocates for significant reforms at the IMF and World Bank, emphasizing the need to refocus on their core missions amid rising concerns about U.S. withdrawal from these institutions.
As the dollar weakens and U.S. interest rates dip, emerging markets stand to benefit. However, early futures suggest that stocks may face challenges, despite positive remarks from Treasury Secretary Scott Bessent.
The U.S. stock market has lost $5 trillion amid rising inflation and tariff threats, yet Treasury Secretary Scott Bessent claims the drop is healthy. Will Americans trust his confidence?
