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?
Treasury Secretary Scott Bessent warns of potential financial crisis due to high government spending but assures that the Trump administration is taking steps to reset the economy. With market volatility and rising deficits, is the U.S. truly on a sustainable path?
Tensions rise as Treasury Secretary Scott Bessent reveals that an economic deal with Ukraine is currently off the table following a chaotic Oval Office meeting. Zelenskyy expresses readiness to sign an agreement, but concerns linger over security guarantees and ongoing conflict.
Treasury Secretary Scott Bessent claims President Trump's tariffs won't raise inflation, asserting that China will absorb the costs. As tariffs on imports from Canada and Mexico approach, experts warn of potential economic fallout.
