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Scott Bessent

Scott Bessent

USA Begins Lifting Sanctions on Syrian Companies

The USA has taken a first formal step towards lifting sanctions directed at Syria. .
USA Begins Lifting Sanctions on Syrian Companies

Dollar Drops After Trump's Tariff Announcement

New customs games from the USA's president Donald Trump are stirring up the world economy. Following Friday's announcement about shock-raised tariffs already in June, the value of the dollar fell to its lowest level since December 2023.
Dollar Drops After Trump's Tariff Announcement

Trump Declines EU Trade Agreement Amid Tariff Dispute

USA's President Donald Trump says that he "does not seek a settlement" with the EU on tariffs. The EU's Trade Commissioner Maros Sefcovic writes on the other hand that the EU continues to seek an agreement with the US.
Trump Declines EU Trade Agreement Amid Tariff Dispute

US Interest Rates Rise Amid Growing Distrust in Government Finances

The dumping of US assets continues, which is pushing up American long-term interest rates and lowering the dollar. The market's distrust of the US government's finances has gained new momentum since Congress began handling a budget proposal where the Trump administration is pushing for large tax cuts.
US Interest Rates Rise Amid Growing Distrust in Government Finances

US Finance Minister Blames Biden for Credit Rating Downgrade

The downgrading of the USA's credit rating is a "late sign" of former President Joe Biden's transgressions, says Finance Minister Scott Bessent to the American TV channel NBC News. .
US Finance Minister Blames Biden for Credit Rating Downgrade

US-EU Tariff Agreement Faces Delays, Says Finance Minister

A quick agreement on tariffs and trade between the Trump administration and the EU may be difficult to achieve, according to US Finance Minister Scott Bessent. I believe that the US and Europe will become a bit slower, he says about how the negotiations have gone so far.
US-EU Tariff Agreement Faces Delays, Says Finance Minister

Wall Street Surges as US-China Tariff Agreement Surprises Investors

The US stock market began the trading week with a sharp rise following the agreement on a pause in the trade war between the US and China. All major indices on Wall Street went like a train.
Wall Street Surges as US-China Tariff Agreement Surprises Investors

USA and China Agree to 90-Day Tariff Pause, Talks to Resume Soon

The USA and China are pausing tariffs against each other for 90 days, according to a joint statement. And the USA's finance minister says that the countries will soon meet again for further talks.
USA and China Agree to 90-Day Tariff Pause, Talks to Resume Soon

Asian Markets Rise After US-China Trade Talks Progress

The development pointed mostly upwards on Asia's leading stock exchanges in the initial Monday trading, since China and the USA announced that they had made "significant progress" in the weekend's meetings regarding the trade war. .
Asian Markets Rise After US-China Trade Talks Progress

China and USA Achieve Significant Progress in Trade Talks

The customs talks in Switzerland between China and the USA have been concluded. According to the American representatives, the counterparts have made "significant progress" after two days of negotiations – which according to China has resulted in a mechanism for consultations between the countries.
China and USA Achieve Significant Progress in Trade Talks

Trump Describes US-China Tariff Talks as a "Total Restart"

The USA's and China's meeting on import tariffs, which was held in Switzerland on Saturday, is described as "very good" by the American President Donald Trump. .
Trump Describes US-China Tariff Talks as a "Total Restart"

US-China Tariff Talks Begin in Switzerland with Low Expectations

The first day's negotiations in Switzerland between the US and China on import tariffs are over. The US Finance Minister Scott Bessent has played down expectations of a quick solution.
US-China Tariff Talks Begin in Switzerland with Low Expectations

US Stock Market Sees Volatility Ahead of US-China Tariff Talks

The uncertainty regarding this weekend's tariff talks between the USA and China was noticeable on Wall Street – and after a volatile day, the prices pointed downwards at closing. .
US Stock Market Sees Volatility Ahead of US-China Tariff Talks

Trump Signals Possible Reduction in China Tariffs

Over the weekend, the USA and China will sit down at the negotiating table in Switzerland. President Donald Trump is now signaling continued high tariffs, but still lower than today.
Trump Signals Possible Reduction in China Tariffs

Ukraine Approves Mineral Agreement with the USA

Ukraine's parliament has unanimously approved the mineral agreement, says the country's Deputy Prime Minister Julia Svyrydenko. .
Ukraine Approves Mineral Agreement with the USA

US and China to Hold First Major Trade Talks Since Tariff War

The US Finance Minister Scott Bessent and China's Vice Premier He Lifeng are to meet in Switzerland later this week to discuss trade, announced Washington and Beijing in separate statements. .
US and China to Hold First Major Trade Talks Since Tariff War

Svantesson: EU Tariffs Should Impact US Economy

Minister for Finance Elisabeth Svantesson (The Moderate Party) believes that the EU should respond forcefully to the US trade war. It's about taking as directed and proportionate countermeasures as possible, which can harm the American economy, she says.
Svantesson: EU Tariffs Should Impact US Economy

Japan Seeks June Trade Deal with Trump Amid Tariff Disputes

The Japanese government's chief negotiator Ryosei Akazawa hopes to reach a trade agreement with the Trump administration in June. This despite media reports of significant disagreement between the parties on the 25 percent US tariffs on Japanese vehicles.
Japan Seeks June Trade Deal with Trump Amid Tariff Disputes

Trump's Environmental Policies Impact Climate and Research

The President of the USA, Donald Trump, signs a decree so that the pen glows. The country's rapid swing affects the climate and environmental work.
Trump's Environmental Policies Impact Climate and Research

China Weighs Tariff Talks with USA Amid Economic Slowdown

China is considering whether to initiate talks with the USA on trade between the countries, announces the country's Trade Department in a release overnight to Friday. .
China Weighs Tariff Talks with USA Amid Economic Slowdown

US Finance Minister: Reduce Tariffs with China for Fair Trade

The tariffs between the USA and China must be scaled down, says the US Finance Minister Scott Bessent in an interview with Fox News Business. .
US Finance Minister: Reduce Tariffs with China for Fair Trade

Ukraine Mineral Agreement Crucial but Peace Still Distant

For Ukraine, the mineral agreement is "completely necessary". But also for Donald Trump, it is important, according to USA expert Jan Hallenberg.
Ukraine Mineral Agreement Crucial but Peace Still Distant

USA and Ukraine Sign Critical Minerals and Energy Deal

USA and Ukraine have agreed on a deal that gives the USA access to Ukrainian natural resources such as critical minerals, oil, and gas. Despite some hesitation from Ukraine's side, they finally agreed to a deal to secure continued support from the USA.
USA and Ukraine Sign Critical Minerals and Energy Deal

Trump Justifies Tariffs on China, Says Beijing Will Bear the Cost

The President of the USA, Donald Trump, says that China deserves the heavy tariffs he has imposed on the country and that he believes Beijing will ultimately bear the cost rather than American consumers. .
Trump Justifies Tariffs on China, Says Beijing Will Bear the Cost
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